Gov. Doug Burgum of North Dakota, the wealthy former software executive who entered the presidential campaign in June hoping a back-to-basics appeal on the economy would propel him forward, dropped out of the race for the Republican nomination on Monday.

Though his personal fortune could have kept his campaign afloat, Mr. Burgum’s mild demeanor and resolute focus on three issues, the economy, energy and foreign policy, never caught on with a G.O.P. electorate steeped in the pugilistic flash…


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