widadabbess7626 widadabbess7626
  • 08-03-2019
  • Social Studies
contestada

Under which economic system are businesses privately owned, with the possibility of profit? A. Traditional economy B. Command economy C. Communist system D. Market economy

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Tabbey
Tabbey Tabbey
  • 08-07-2019

Answer: D. Market economy

Explanation:

A market economy is known to be an economy in which the market is controlled by the mechanism of demand and supply. Furthermore, there exist private ownership of the means of production and distribution in which they have the right to produce and sell their products. Thus, private businesses exist with the sole aim to get profit and revenue.

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97845
97845 97845
  • 06-10-2020

Answer:

Answer is D. Market economy

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