Capitalism is a term used to describe the free-market system,one in which private parties own and operate the majority of businesses and where competition,supply,and demand determine which goods and services are produced.
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Q9: Cyclical unemployment is caused by a mismatch
Q10: The demand curve will shift to the
Q11: Deflation is an economic condition in which
Q12: In practice,no economy is truly a free-market
Q13: Scarcity creates competition for resources,and forces trade-offs
Q15: Deciding how much money to spend on
Q16: Global economists use the terms capitalism and
Q17: Macroeconomics studies economic behavior among consumers,businesses,and industries
Q18: The situation in which one supplier thoroughly
Q19: Demand refers to the quantities of a
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