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16.1 Economic systems  (Page 23/33)

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  • Card 23 / 33:
    capitalism

    an economic system in which there is private ownership (as opposed to state ownership) and where there is an impetus to produce profit, and thereby wealth

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Practice MCQ 9 Key Terms 12

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Source:  OpenStax, Introduction to sociology course at grand river academy. OpenStax CNX. Jan 14, 2014 Download for free at http://legacy.cnx.org/content/col11616/1.1
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