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7. What are some of the advantages of owning a business in a free market system?

Sagot :

GinnyAnsweridn

Final answer:

Economic freedom and competition in a free market system lead to innovation, better products, and increased profits.


Explanation:

Economic freedom is a key advantage of owning a business in a free market system. In this system, individuals have the liberty to make decisions on what to buy and where to work, fostering competition among businesses. This competition leads to innovations, better products, increased profits, and ultimately, a higher quality of life.


Learn more about advantages of owning a business in a free market system here:

https://brainly.com/question/39445124


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