Question

What are the qualities of a free-enterprise system? Check all that apply. Free-enterprise systems encourage free interaction between producers and consumers. Producers cannot control what they produce in a free-enterprise system. Governments create policies to protect the safety of citizens and fairness in the market. In a free-enterprise system, ideals and needs must be balanced. In free-enterprise systems, governments never become involved in social and economic issues.

Answer 1

1, 3, 4

Explanation:edg 2020

Answer 2

Free-enterprise systems encourage free interaction between producers and consumers.

Governments create policies to protect the safety of citizens and fairness in the market.

In a free-enterprise system, ideals and needs must be balanced.

Step-by-step explanation:

Free enterprise refers to an economic system in which economic activities are not strictly controlled by the government. The equilibrium price and quantity are determined by the working of the market forces.

The business activities are defined by a set of legal rules such as property rights, contracts, etc. Though the government does not interfere in the business activities it formulates certain policies for the safety of the citizens and to ensure fairness in the market.

There is a need to make a balance between ideals and needs to ensure the smooth and fair working of the economy.