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When Thomas Jefferson wrote the Declaration of Independence,
Donald Boudreaux
An American economist, author, and professor known for his work on free market economics.
Private Property
Ownership rights over property (such as land, buildings, or goods) by individuals or non-governmental entities.
Market System
A type of economic system where decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
Resource Market
A market where resources (such as labor, capital, and raw materials) that are used to produce goods and services are bought and sold.
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