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Lyndsay Wilson
on Nov 03, 2024

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Most industrialized nations operate economies based on _____.

A) planned economies
B) private enterprise systems
C) communist systems
D) socialist systems

Industrialized Nations

Countries characterized by significant industrial activity, advanced technological infrastructure, and a higher standard of living.

Private Enterprise Systems

A private enterprise system, also known as capitalism, is characterized by private property rights and the free market dictating the allocation of resources and production.

  • Identify different types of economic systems and their characteristics.
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AE
Ahmed EttaïebiNov 04, 2024
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