Answer:
True
Step-by-step explanation:
In a market economy ,driving force that encourages people and organizations to improve their material well-being is profit motive . The profit motive driving force to improve their material well-being is characterized by capitalism and free enterprise . Capitalism is an economic system in which private citizens, like you, own and use the factors of production. Individuals or companies make products and profits. If the products can be bought and sold without government regulation or control, we have a condition called a free market.
If an economy has both capitalism and free markets, we say that the economy is based on free enterprise. Under free enterprise, resources are privately owned. Competition is allowed with a minimum (least amount) of government controls.