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The economic system based on private ownership of the means for production and the profits earned and is built on the principles of private property,
The economic system based on private ownership of the means for production and the profits earned and is built on the principles of private property, capital accumulation, voluntary exchange, and competitive markets is called ___________. A. Capitalism B. None of these answers are correct C. Feudalism D. Socialism E. Mutualism
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