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An Economic System in Which Resources Are Privately Owned and Allocated

question 20

Multiple Choice

An economic system in which resources are privately owned and allocated by the market is called


Definitions:

Simple Repetition

The process of repeating something multiple times in order to learn or memorize it, often used as a basic study or advertising technique.

Repetition With Variation

Repeating the same information, but in a varied format.

March of Dimes

An American nonprofit organization that works to improve the health of mothers and babies by preventing birth defects, premature birth, and infant mortality.

Donation

The act of giving money, goods, or time to support a cause, individual, or organization without expecting anything in return.

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