In a socialist economy,the government owns and operates selected major industries.
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Q7: An entrepreneur is a business that accepts
Q8: Physical resources are the data and other
Q9: The law of demand states that buyers
Q10: A planned economy relies on a centralized
Q11: Non-profit businesses operate in many of the
Q13: The external environment consists of everything inside
Q14: Businesses seek to be close to customers,establish
Q15: There are many sellers in an oligopoly.
Q16: A differentiating strategy used in monopolistic competition
Q17: An example of the influence of the
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