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________, which indicates free enterprise in the hands of the self-employed, was a contributory factor to the economic growth of newly industrialized countries (NICs). Multiple Choice Entrepreneurship Expropriation Privatization Socialization Nationalization

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Answer: entrepreneurship

Step-by-step explanation:

Entrepreneurship is the act of running a business despite the risk involved with the aim of making profit. The role of entrepreneurship in every economy cannot be understated.

It is a contributory factor to the economic growth of newly industrialized countries as it provides job opportunities, brings about economic growth and increase in welfare to the people.

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