privatization
Government businesses are controlled by the government private businesses are controlled by the private.Government businesses are set up by Congress.
Private class ownership
private
nationalize
capitalism
privatization
Free enterprise system
pure capitalism
Capitalism
converting land from private to more public ownership.
Socialism. Complete ownership by the state is Communism.
true
An economic system with private or corporate ownership of capital goods is known as capitalism. Key features include private ownership of businesses, competition in the market, profit motive driving decision-making, and limited government intervention in the economy.
Socialist society won’t have businesses in the current sense. The land, factories, offices, etc will belong to all the people in common.
There are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.
Perestroika was an economic policy of Mikhail Gorbachev. It was the first time that private ownership of businesses was legal in the Soviet Union.
Government businesses are controlled by the government private businesses are controlled by the private.Government businesses are set up by Congress.