Question

My name is Rashi Das. I own a restaurant in downtown Houston. Inspectors visit to ensure I am following the guidelines for serving food in a safe and sanitary manner.

In which economic system do I live?
• Traditional
• Free Enterprise
• Socialism
• Communism

Answer 1

You live in a Free Enterprise economic system, which allows for private ownership and competition in the marketplace.

Step-by-step explanation:

You live in a Free Enterprise economic system. In a Free Enterprise system, individuals and businesses have the freedom to own and control resources and make economic decisions based on supply and demand. It allows for private ownership and competition in the marketplace.