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What is the economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?

What is the economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?
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What is the economic system in which the means of production and distribution are privately owned and operated for profit under competitive conditions?

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User Eugeniu Rosca
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1 Answer

3 votes
capitalism <3 it is the most efficient allocation of resources 
answered
User Trade
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