latikadgoodstoney latikadgoodstoney

19-04-2021
Social Studies

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7) In a free market economy, who owns businesses?

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starmeloniesm starmeloniesm

29-04-2021

Answer:

In a free-market (capitalist) economy, individuals own the factors of production: Privately owned businesses produce products. Consumers choose the products they prefer causing the companies that product them to make more profit.

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