3 years ago

Under which economic system are businesses privatly owned with the posssibility of profit?

1 answer:

4 0

Answer:

Capitalism. is an economic system in which the means of production are privately owned. By means of production, we mean everything—land, tools, technology, and so forth—that is needed to produce goods and services.

Explanation:

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Under which economic system are businesses privatly owned with the posssibility of profit?​

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