Examlex
A rough draft is best defined as
Economic System
The organized way a country allocates its resources and distributes goods and services to its citizens, including capitalism, socialism, and communism.
Major Industries
Key sectors of the economy which are significant in terms of their output, employment, or revenue generation.
Private Ownership
refers to properties or businesses owned by individuals or corporations rather than by the government or the public sector.
Private Sector
The part of the economy that is run by individuals and companies for profit and is not controlled by the government.
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