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Private ownership
Individual Initiative
Profit
Competition
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∙ 11y ago
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What basic enterprise are fundamental to American free enterprise?
open opportunity, private property, contracts, voluntary exchange, profit motive, legal equality, and competition
What type of system is free enterprise system?
Individuals are free to won and control the factors of production
What are components of the free enterprise system?
there are four components of the free enterprise system which include: competition, the pursuit of profit, private property and the right to choose.
Economic system in which individuals control the factors and means of production is called?
Free Enterprise
Business cycles occur in free enterprise systems because?
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
What are the four factors underlying the free enterprise system?
There are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.
What are four factors of free enterprise system?
private ownership, individual initiative, profit, and competition
What are the four factors that make up the free enterprise system?
# Private ownership # individual initiative, # profit # competition
What is the motto of American Enterprise Institute?
American Enterprise Institute's motto is 'Competition of ideas is fundamental to a free society.'.
Identify factors in the US that made it ideal for the free enterprise system?
idnetify factors in the united states that made it ideal for the free enterprise system
What basic enterprise are fundamental to American free enterprise?
open opportunity, private property, contracts, voluntary exchange, profit motive, legal equality, and competition
What type of system is free enterprise system?
Individuals are free to won and control the factors of production
What are components of the free enterprise system?
there are four components of the free enterprise system which include: competition, the pursuit of profit, private property and the right to choose.
Economic system in which individuals control the factors and means of production is called?
Free Enterprise
Business cycles occur in free enterprise systems because?
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
Why is the free enterprise subject to business Cycles?
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
What are free enterprise zones'?
what are free enterprise zone
