________ refers to a market economy in which the dominant businesses are large firms run by salaried managers,not smaller firms run by owner-entrepreneurs.

Question

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Managerial capitalism refers to an economy in which large businesses are dominant, and these businesses are run by salaried managers rather than owner-entrepreneurs. This is in contrast to traditional capitalism, where smaller businesses run by individual owners are the norm.

________ Refers to a Market Economy in Which the Dominant