What are four basic principles of a free enterprise system?

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What are four features of the free enterprise system?

I'll top that and give you six. 1. Owning private property is one of the most basic features of the free enterprise system. 2. Individuals and businesses in the United State

What are four key elements of the free enterprise system?

Competition- Different businesses can compete for business, money, etc. Profit- You can earn a profit if you are working with a company, meaning you give in work, and you get
In Economics

Basic principles of free enterprise?

1 entrepreneurship 2.easy entry/exit 3.profit motive 4.capital/enterprise factors for production. 5.laissez-faire . 6 customer oriented