A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.

In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.

Question

savio23 savio23

24-02-2021
Social Studies

contestada

A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.

In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.

Respuesta :

Otras preguntas

What did the handbag symbolize in The Importance of Being Earnest? ( at least a paragraph or two?)

You can sometimes figure out the meaning of a phrasal compound by looking at the words' context. What is context?

Which of the following answer choices best compares the pax romana with the final period of the roman republic A) The influence of greek culture and institutio

Who suggested that baring the teeth is universally associated with the expression of anger because this ability to convey threats has helped humans to survive?

Determine which of the following statements is true concerning the values described in column #1 and column #2. Column #1 Column #2 The x-coordinate of the ver

Which of the following is a reason why photographing children can be difficult?

In the classic myth of Prometheus what does he learn and what themes make that myth a classic myth?

Need help with problem show answer with work

Segment BD is an altitude of triangle ABC. Find the area of the triangle.

After a translation which one would be the answer How did you get the answer

10547414 10547414 · Answer 1 · 2021-02-24T09:21:21+01:00

In light of the given discussion, the United States of America is a free enterprise economy with experiential entrepreneurship one among them is Mitt Romney the top businessman in the US.

Explanation:

This system helps an economy to flourish

Taxation revenue is largely contributed by budding entrepreneurs

The decision making in free enterprises is fast-paced in all aspects

Free enterprises promote major transformations in an economy in terms of public policymaking

Entrepreneur participate in government initiatives to create social infrastructure

Rapid industrialisation is a central theme of free enterprise

Free enterprises help flourish an economy:

jayilych4real jayilych4real · Answer 2 · 2021-09-07T19:29:43+02:00

A free enterprise system gives customers and consumers the flexibility to make their own economic decisions without restrictions from the government.

This is as as a result of capitalism where profit is the major driving factor for any business and adverts are made by producers so that consumers would purchase their goods or services.

Therefore, free enterprise system is necessary because:

It gives the consumer freedom to make his economic decisions.
It discourages monopoly.
There is healthy competition among producers
Quality of goods produced are increased as a result of the market demand and size.