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

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

(08.02)How many solutions are there for the system of equations of shown on the graph? O No solution O One solution O Two solutions O Infinitely many solutions

The function f(x) = ex-3 when evaluated for f(4) is equivalent to?

Fill in the blanks with the past perfect form of the verbs. 1. Antes de estudiar español, yo ____ aprendido (aprender) italiano. 2. Mis hermanos y yo ____ comid

Which numbers are irrational? Select all that apply. 9/15 О 18 О 9 о 169 √78 О п

What are the solutions of 2x² - 6x+5=0?

I need help with this math question (pic induced)

Select the tener expression that best matches with the following sentence. Quiero un té, por favor. I want tea, please. O Tengo sed. O Tengo hambre. O Tengo pri

Which sentence contains an element of bias? O Research shows that eating fruits and vegetables reduces a person's risk of heart disease. O Fruits and vegetables

Which two statements can you conclude are true from Sir Erskine’s words?

Jesse is traveling up and down a stream in a kayak. He can paddle the kayak at an average rate of 5 miles/hour, and the round-trip is a total distance of 16 mil

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.