Under which economic system are businesses privately owned with the possibility of profit?

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asked Aug 18, 2017 66.6k views

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Meldon · Answer 1 · 2017-08-23T13:13:24+0000

In a market economy, the businesses are privately owned, which means they receive their own revenue and handle their own expenses.

Answer: Market economy

Under which economic system are businesses privately owned with the possibility of profit?

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