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What principle of the American Free Enterprise System is described in the statement ''producers are inspired to provide products so that they can make a profit''?

A. Competition
B. Profit motive
C. private property
D. Voluntary exchange

User Mitrek
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2 Answers

5 votes
D. Voluntary exchange
User Gaurav Adurkar
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1 vote

Answer:

Option B.

Step-by-step explanation:

Competition, is the right answer.

An economic system in which a state puts quite a few limitations on the natures of business ventures or ownership in which residents engage is known as the Free Enterprise System. Many of the people regard this system as capitalism or a free market. According to the provisions of this system, an individual is permitted to spend his money in his own way.

User Krzysztof Branicki
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