Question

All of the following are basic principles found in the U.S. free enterprise system except ___. A. centralized decision-making B. private property rights C. competition D. voluntary exchange

Answer 1

Answer: A. centralized decision-making

The centralization of decision making is not among the basic principles of the US free enterprise system. The six basic principles are the freedom to choose employment or business, property rights, profit motive, competition, rule of law and consumer sovereignty.