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Regal Manufacturing Company contracts to sell sweaters to Superb Styles Store. Before the sweat?ers are delivered, Superb indicates that it will not be able to pay. Regal can resell the goods
Market System
An economic system where decisions regarding investment, production, and distribution are based on supply and demand, determining prices of goods and services.
Private Property
Lawful entitlements to own, utilize, and transfer property.
Market System
An economic system in which market forces, such as supply and demand, determine the production and distribution of goods and services.
Capitalism
An economic system characterized by private ownership of the means of production and the creation of goods or services for profit.
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