all facilities need for a production were owned and managed by individuals called __________
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A system of economy in which all means of production are owned and controlled by private individuals for the purpose of profit is called capitalist economy. It is a decentralised form of economy where there is no government control.
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Answer:
A system of economy in which all means of production are owned and controlled by private individuals for the purpose of profit is called capitalist economy. It is a decentralised form of economy where there is no government control.
Explanation:
please mark me as BRAINALIST
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