Which of the following is true of private ownership? O It tends to force firms into liquidation due to high competition. O It empowers the government to determine firm entry. O It allows financing...

Extracted text: Which of the following is true of private ownership? O It tends to force firms into liquidation due to high competition. O It empowers the government to determine firm entry. O It allows financing only through nationalized banks. O Its primary objective is protecting jobs and minimizing social unrest. refers to a legal system based on religious teachings. Common law Theocratic law