202k views
1 vote
What are aspects of a free enterprise system?

User Gioux
by
3.2k points

2 Answers

1 vote

Answer:

A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.

Hope this helps!

User Jeff Hillman
by
3.0k points
3 votes

Answer:

3, 4, 5

Step-by-step explanation:

3.) There are few limits on the use of private property.

4.) Consumers make all of their economic choices.

5.) Producers make all of their economic choices.

User Ashirbad Panigrahi
by
3.2k points