113k views
2 votes
Did Steve Jobs utilize a free enterprise system, and how did it help him?
a) Yes
b) No

User GodinA
by
8.1k points

1 Answer

1 vote

Final answer:

Yes, Steve Jobs utilized a free enterprise system at Apple Inc., which allowed for innovation, flexibility in production, and investment opportunities that created wealth and a variety of consumer goods.

Step-by-step explanation:

Yes, Steve Jobs utilized a free enterprise system to build and grow Apple Inc. In a free enterprise system, private individuals and companies own the means of production, and markets are mostly unregulated, allowing for supply and demand to determine value.

This system provided Steve Jobs with the flexibility to innovate and respond to consumer demands quickly, producing a variety of goods such as the Macintosh, iPod, iPhone, and iPad. This system facilitated a competitive environment that drove technological advancement and wealth creation.

Within this environment, Jobs could leverage investment opportunities to grow Apple and provide a rich array of products, which responded to market prices and consumer preferences. Meanwhile, the government played a role by setting up ordinances and regulations that could impact the business landscape, pursuant to ensuring a level of fairness and public welfare.

Moreover, the open source movement, symbolized by operating systems like Linux, changed the high tech economy by introducing cooperative models of development that could lower costs and accelerate innovation. This environment provided companies, including Apple, with various opportunities to compete and collaborate in the global marketplace.

User Ben Ajax
by
8.2k points