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Private ownership of the meSol of ...

Private ownership of the meSol of production is a feature of a ______ economy

A

capitalist

B

socialist

C

mixed

D

dual

Text Solution

Verified by Experts

The correct Answer is:
A
Capitalism is an economic system based on private ownership. In this type of system private firms are the key players, they actually focus on their profit and the quality of service provided by them is also better.
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