Question

Use Visual Information: Look at the art illustrating capitalism and the free enterprise system. The second pillar is labeled Individual Initiative. Considering that the word initiative means "the energy and desire that is needed to do something," what do you think individual initiative means?

a. The effort individuals put into achieving their goals.
b. Collective effort for common goals.
c. Government-driven initiatives.
d. Passive participation in economic activities.

Answer 1

Individual initiative in a free enterprise system means the personal efforts made by individuals to reach their economic goals through entrepreneurship, innovation, and productivity.

Step-by-step explanation:

Individual initiative in the context of capitalism and the free enterprise system refers to the effort individuals put into achieving their goals. This concept is a key pillar that supports the overall structure of a free enterprise economy, where individuals have the liberty to produce and consume goods according to their personal choices. It encompasses entrepreneurship, the pursuit of innovation, and economic activities based on individual decision-making rather than collective or government-driven directives. Individual initiative is vital for economic growth, fostering productivity, and technological advancement within the economic system.