Examlex
The functional group that is circled is called a(n)
Collective Farms
A form of agricultural production in which multiple farmers run their holdings as a joint enterprise.
Private Ownership
The holding of assets by non-governmental entities or individuals, allowing control and earning potential from those assets.
Soviet Union
A former federal socialist state in Eurasia that existed from 1922 to 1991, made up of 15 republics, and was the largest country in the world.
Competition
The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume.
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