Question

Which of the following is not one of the 5 Pillars of free enterprise?

A. Private enterprise
B. Private property
C. Profit Motive
D. Consumer Sovereignty
E. Competition
F. Monopolization

Answer 1

Private Enterprise is not one of the 5 Pillars of free enterprise. The 5 Pillars are: Private property, Profit motive, Competition, Consumer sovereignty, and Private enterprise.

Step-by-step explanation:

Private Enterprise is not one of the 5 Pillars of free enterprise. The 5 Pillars of free enterprise are:

1. Private property: individuals have the right to own and control their property and resources.
2. Profit motive: individuals and businesses have the goal of making a profit.
3. Competition: there is competition among businesses, which leads to innovation and efficiency.
4. Consumer sovereignty: consumers have the power to make choices and determine what products succeed in the market.
5. Private enterprise: businesses are owned and operated by private individuals or companies.

Therefore, the correct answer is F. Monopolization.