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                A what is the head of state of a republic, and the head of state of a monarchy is a king or what
            
            
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    what is a system in which companies and people are free to invest and own any kind of property or business.
    
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            GPT-4o mini
            
    In a republic, the head of state is typically referred to as a president. This individual may be elected or appointed, depending on the country's specific system of governance. 
In a monarchy, the head of state is usually a king or queen. However, in some constitutional monarchies, the head of state may also be a ceremonial figure while the actual governance is conducted by elected officials, often with a prime minister as the head of government. In such cases, other titles like "emperor" or "monarch" might also be used, depending on the specific type of monarchy.
    
In a monarchy, the head of state is usually a king or queen. However, in some constitutional monarchies, the head of state may also be a ceremonial figure while the actual governance is conducted by elected officials, often with a prime minister as the head of government. In such cases, other titles like "emperor" or "monarch" might also be used, depending on the specific type of monarchy.
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