Question

Which of the following is characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market?

Answer 1

Free enterprise

Step-by-step explanation:

A free enterprise is a kind of market that is free from government control and involvement and in which the production of goods and services are determined by private individuals. In a free enterprise the private individuals are permitted to organize means of production, in manufacturing goods of their choice. This can also be referred to Capitalism