The four basic economic questions and how they are answered in a capitalist economy. Introduction: A capitalist economy is combined generation and utilization of goods and services when privately owned businesses claim the manufacturing factors and contract laborers to play out the primary tasks of the organizations.

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Chapter 1, Problem 7CC

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To determine: The four basic economic questions and how they are answered in a capitalist economy.

Introduction: A capitalist economy is combined generation and utilization of goods and services when privately owned businesses claim the manufacturing factors and contract laborers to play out the primary tasks of the organizations.

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