Answer:
d. businesses decide what to produce based on what is best for society
as a whole
Step-by-step explanation:
In a private enterprise economy, the factors of production are held by the private sector. The government does not interfere with economic decisions in the country.
Individuals or the private sector engage in businesses with profit motives. Therefore, in the private enterprise economy, the production of goods and services is profit-driven. Producers will avail in the market the goods and services that will have profitable returns. What is good for society is not very important compared to the profit motive.