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Line 1: − A '''free enterprise system''' is an [[economic]] system characterized by private ownership of property and productive resources, the profit motive to stimulate production, competition to ensure efficiency, and the forces of [[supply]] and [[demand]] to direct the production and distribution of [[goods]] and services.+ − − ==Sources== − http://usinfo.state.gov/products/pubs/oecon/chap12.htm − − [[Category:Economics]]
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