Let and

question 41

Short Answer

Let and . Find the composition .

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Definitions:

Private Ownership

The control and ownership of property, enterprises, and means of production by individuals or private companies, not the state.

Responsibility

A duty or task that an individual or entity is supposed to perform or bear.

Incentive

An external motivator that influences the behavior and decisions of individuals or organizations.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.