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define the following values of market economy

1)personal freedom

2)laissez faire

3)profit motive

4)consumer sovereignty

5)private ownership

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  1. 1) Absence of limits for expressing rights

    2) From the French, meaning to leave alone or to allow to do

    3) A man's incentive to work in order to gain something for himself

    4) The rule or sovereignty of purchasers in markets as to production of goods

    5) Property rights.

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