39 refer to the diagram. line (2) reflects a situation where resource prices:
Capitalism is an economic system based on the private ownership and control of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system determined by supply and demand, private property, property rights recognition, voluntary exchange, and wage labor. In a capitalist market economy, decision ...
Refer to the diagram. line (2) reflects a situation where resource prices:
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