The best description of the production of goods in a free enterprise economy is D. production based on consumer spending.
What is a free enterprise economic system?
In a free enterprise economic system, the production of goods and services is based on the market demand and supply. This economic system is a capitalist or free-market system because individuals and businesses control the means of production with minimal or no governmental intervention.
Thus, in a free enterprise economy, consumers dictate the goods and services that are supplied in the marketplace.
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