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The economic system that is based on private ownership and competition motivated by profit is called _____.

The economic system that is based on private ownership and competition motivated by profit is called _____.
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The economic system that is based on private ownership and competition motivated by profit is called _____.

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User Petr Matousu
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4 votes

The answer is capitalism


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User Bar Smith
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4 votes
The economic system that is based on private ownership and competition motivated by profit is called capitalism. ✅
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User Josh Kodroff
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