Individual Ownership of Property Is a Key Element in

question 152

Short Answer

Individual ownership of property is a key element in
the private enterprise system.
a planned economy.
socialism.
the factors of production.
communism.

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Definitions:

Ausgleich

The compromise of 1867 that established the dual monarchy of Austria-Hungary.

Dual Monarchy

The arrangement in which two separate kingdoms are ruled by the same monarch while maintaining distinct governments and institutions, as with Austria-Hungary from 1867 to 1918.

Austria-Hungary

A central European empire existing from 1867 to 1918, it was a dual monarchy consisting of Austria and Hungary, which dissolved after its defeat in World War I.