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Question 10

pis
Which heading best completes the partial outline below?
I.
A. Interaction of Supply and Demand
B. Profit Incentive
C. Entrepreneurs
Types of Economics Systems
Characteristics of a Free Enterprise Economy
Structure of a Socialist Economic System
Cottage Industries

1 Answer

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Answer: Characteristics of a Free Enterprise Economy

Step-by-step explanation:

A free enterprise economy or a market economy refers to an economic system whereby the decisions that has to do with production, investment, and distribution are taken through forces of demand and supply.

In this economy, the role of the government is limited, the main motive is profit Incentive and there are many entrepreneurs.

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