_____ is an economic ideology with a bundle of values including private ownership of means of production, the profit motive, free competition, and limited government restraint in markets.

Fill in the blank(s) with the appropriate word(s).

Answer: Capitalism

Business

You might also like to view...

Real property cannot be owned by more than one person

Indicate whether the statement is true or false

Business

Whenever a good trades in a competitive market, the price determines the value of the good

Indicate whether this statement is true or false.

Business