What is an economic system based on private property and free enterprise called

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asked Mar 16, 2022 229k views

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Alexander Egger · Answer 1 · 2022-03-21T05:37:48+0000

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Capitalism is generally considered to be an economic system that is based on private ownership of the means of production and the creation of goods or services for profit by privately-owned business enterprises.

What is an economic system based on private property and free enterprise called

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