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Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-A military and political alliance founded in 1949 that committed the United States to the defense of Europe in the event of Soviet aggression.


Definitions:

Government Ownership

This refers to enterprises or assets owned by the government or public authorities, rather than by private individuals or companies.

Private Property

Owned assets or possessions that are legally recognized and protected, excluding those owned by government entities.

Freedom of Enterprise

The freedom for individuals to start and operate private businesses in search of profits with minimal government intervention.

Competition

The economic rivalry between companies or individuals for a larger share of a market, leading to better quality products and services at lower prices.

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