__________ Is the Economic System Based on Private Ownership of the Means

question 25

Short Answer

__________ is the economic system based on private ownership of the means of production, in which prices are set and goods distributed through a market.

---

Definitions:

Ongoing Process

A continuous operation or series of actions that evolve over time, indicating that it is not stationary but constantly moving or developing.

Deciding

The cognitive process of choosing between different options or actions.

Tasks

Refers to specific duties or work to be completed by a person or group.

Individual

A single human being as distinct from a group, class, or family.