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What is a production determined by individuals and private groups?
A production determined by individuals and private groups is referred to as a market economy. In this system, decisions about production, consumption, and investment are guided by individuals and businesses operating in a competitive market environment rather than by government intervention.
What is a free system?
A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.
How are government businesses from private businesses?
Government businesses are controlled by the government private businesses are controlled by the private.Government businesses are set up by Congress.
British gas is a private sector business what does this mean?
Businesses are owned by either the private sector, or businesses are state owned. It means that the British government does not own it; private individuals own it.
What is a free interprise system?
A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.
How government businesses different from private businesses?
Government businesses are controlled by the government private businesses are controlled by the private.Government businesses are set up by Congress.
How are government businesses different from private businesses?
Government businesses are controlled by the government private businesses are controlled by the private.Government businesses are set up by Congress.
How are government business different from private businesses?
Government businesses are controlled by the government private businesses are controlled by the private.Government businesses are set up by Congress.
What are different between public and private sector?
Public sectors are owned and/or serviced by the government. Private sector businesses are owned by individuals and do not pay a direct dividend to the government.
What are the differences between public and private sectors?
Public sectors are owned and/or serviced by the government. Private sector businesses are owned by individuals and do not pay a direct dividend to the government.
How are government business different from private business?
Government businesses are controlled by the government private businesses are controlled by the private.Government businesses are set up by Congress.
What is the difference between private debt and public debt?
Private debt refers to money borrowed by individuals or businesses from private sources such as banks or other financial institutions. Public debt, on the other hand, is money borrowed by the government from the public through the issuance of bonds or other securities. The key difference is that private debt is incurred by individuals or businesses, while public debt is incurred by the government.
