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Which of the following is characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market?
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Which of the following is characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market?

User Juan Saravia
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4 votes

Answer:

Free enterprise

Step-by-step explanation:

A free enterprise is a kind of market that is free from government control and involvement and in which the production of goods and services are determined by private individuals. In a free enterprise the private individuals are permitted to organize means of production, in manufacturing goods of their choice. This can also be referred to Capitalism

User Coldbrew
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