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Why have some nations begun a transition to free enterprise?
b/c they observed that nations with free enterprise experience higher economic growth than those with other economic systems.In other words, they wanted to be rich like US.
Why has the free enterprise system been modified to include some government intervention?
It is a Free Enterprise System, but has some slight government involvement.
What are the major elements of free enterprise?
Some major elements of a free enterprise system include right of land and freedom of economic decisions
What is the origin of Free Enterprise?
There has always been some form of free enterprise, throughout human history. People have always found it useful to trade with other people in one way or another, whether by means of monetary transactions or simply by barter. The economist who first analysed the free market is Adam Smith, in his seminal work, The Wealth of Nations.
What is a free enterprise system mean?
The Free Enterprise System is based on the right of the individual to run a business for profit with a minimum of government control. The characteristics of a free enterprise system are freedom, competition, and private ownership.
What is the origin of free enterprise market?
There has always been some form of free enterprise, throughout human history. People have always found it useful to trade with other people in one way or another, whether by means of monetary transactions or simply by barter. The economist who first analysed the free market is Adam Smith, in his seminal work, The Wealth of Nations.
What are some examples of some economic systems?
Free enterprise Socialism Communism
What government allows free enterprise but places some restrictions?
Mixed Economy
What are some of the rights that must be protected for a free enterprise system to work?
Corect
What is it when the government allows free enterprise but places some restrictions on the economy?
Mixed Economy.
What kind of economic system does a socialist country gave?
Planned
When the government allows free enterprise but places some restrictions on the economy it is called?
Mixed Economy
