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  • 01-12-2020
  • Social Studies
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Which type of economic system allows people to own private property and profit from what they sell?

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1901953 1901953
  • 01-12-2020

Answer:

What Is Capitalism? Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.

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