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what system is an economic system in which private individuals, not the government, make decisions about where to invest resources, how to produce goods, and what goods to buy

User Zhenghong Wang
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1 Answer

16 votes
16 votes

Answer:

capitalism

Step-by-step explanation:

It is defined as an economic system in which private individuals or businesses, rather than the government, own and control the factors of production: entrepreneurship, capital goods, natural resources, and labor.

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User Wjin
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