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8090 [49]
3 years ago
5

This is an economic system where the factors of production are privately owned​

History
2 answers:
Tpy6a [65]3 years ago
6 0

Answer:

Monopoly market

Explanation:

In a monopoly market there are privately owned markets as well as production

koban [17]3 years ago
6 0

Answer:

Capitalism

Explanation:

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I WILL GIVE 99 POINT TO WHEVER ANSWERS THIS:
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one advantage to this philosophy is that businesses faced fewer government rules and regulations. this allowes businesses to do many things. often rules and regulations add tothe costs that business faces. sometimes, rules and regulations make it harder to do business activities. when businesses have fewer rules and regulations they are generally willing to take more risks and to invest in the economy. with fewer rules and regulations, businesses have a big incentive to try to maximize profits.


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