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What are the key features of an economic system characterized by private or corporate ownership of capital goods?
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.
The economic system that is based on private ownership and competition motivated by profit is called?
Capitalism
Which economic system is characterized by much government involvement lack of private ownership and elimination of economic classes?
planned
Which of the following economic systems is characterized by private or corporate ownership of capital goods?
free enterprise
What economic system is based on private ownership and competition motivated by profit?
market economy
A economic system is characterized by much government involvement lack of private ownership and elimination of economic classes.?
The answer is Mixed
What are the key features of a capitalist economic system?
A capitalist economic system is characterized by private ownership of businesses and resources, free market competition, profit motive, and minimal government intervention in the economy. This system allows individuals and businesses to make their own economic decisions and encourages innovation and entrepreneurship.
Which economic system would have the least private ownership?
Planned economic systems would have the least private ownership.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
Which of the following is characterized by private or corporate ownership of capital goods investments that are determined by private decision rather than by state control and determined in a free m?
its yo fork as tryna cheat all da time daim
The economic systems of most newly independent African nations have been characterized by?
D:a mixture of government and private ownership. yeah your welcome lazy children
What economic system is based on private ownership?
capitalism
