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Dennis_Churaev [7]
3 years ago
5

______ is an economic system based on free markets, in which all or most of the factors of production and distribution are priva

tely owned and operated for profit.
Mathematics
1 answer:
leva [86]3 years ago
7 0

Answer: Capitalism

Step-by-step explanation:

One of the major economy system is capitalism, in which all factors of production and distribution are privately owned and operated for the primary aim of making profit.

Hong Kong, Singapore and New Zealand practice this type of economic system.

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