Question

How did free enterprize system affect factory owners

Answer 1

The free enterprise system had a major impact on factory owners. Factory owners benefitted from the free market because it allowed them to compete for resources and customers. They could charge prices for their products that were lower than those of their competitors, enabling them to increase their profits. Furthermore, the free market provided access to capital, allowing factory owners to invest in new technology and increase their production capabilities.

Answer 2

The free enterprise system removed restrictions on business owners who were able to maximize production and grow the overall economy.

Step-by-step explanation: