Question

Which statements describe a free enterprise system? Check all that apply.

Answer 1

free enterprise indicates an economy where businesses are free from government administration.

EXPLANATION:

free enterprise is a kind of economy where items, costs, and administrations are dictated by the market, not the legislature. It's private enterprise, not socialism. Things that are free are unconstrained, and a business is an undertaking. Along these lines, free endeavor alludes to an economy where organizations are free from government control. Residents can claim property. Supply and request drive production. Consumers and makers make their very own decisions. Citizens can gather riches.

Answer 2

The statements that describe a free enterprise system are the following:

Citizens can own property.

Supply and demand drives production.

Consumers and producers make their own decisions.

Citizens can accumulate wealth.

In a free enterprise system, the market determine the products, services and prices and not the government.