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A Free-Market Economic System Is One in Which the Market

question 146

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A free-market economic system is one in which the market of buyers and sellers decides what is produced, how much is produced, and how it is distributed.


Definitions:

Supportive

Providing encouragement or assistance, especially in times of need or distress.

Functional Areas

Distinct sectors within an organization, each focusing on specific aspects of the company’s operations, such as marketing, finance, human resources, and production.

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