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Which economic system is characterized by private ownership? (2023)

Practice Questions

1 question
Q1
Which economic system is characterized by private ownership? (2023)
  1. Socialism
  2. Capitalism
  3. Feudalism
  4. Communism

Questions & Step-by-step Solutions

1 item
Q
Q: Which economic system is characterized by private ownership? (2023)
Solution: Capitalism is characterized by private ownership of resources and means of production.
Steps: 0

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