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Which of the following statements accurately describes the free enterprise

system in the United States?

1 Answer

7 votes

Answer:

The statement which accurately describes the free enterprise system in the United States is:

A market system.

Step-by-step explanation:

The free enterprise system or capitalist system is a free market system where the government does not restrict much of the business activities or property ownership of its citizens. The main features of a free enterprise system are citizens can own private property, supply and demand (or market forces) drive productive activities, consumers and producers are free to make their own economic decisions, and the citizens can freely accumulate wealth. These features expand on the four great principles of a free enterprise system, which are: private property rights, profit motive, equal individual rights, and unrestricted competition.

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