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

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asked Nov 9, 2022 192k views

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Styphon · Answer 1 · 2022-11-14T18:58:31+0000

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.

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

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