In a miled free enterprise economy each worker believe that he has the ability to improve his standard of living by hard work. Because of the promise of a better life through hard work, the standard of living is, indeed, improved. With the improved standard of living the economy improves. They feed off each other, and the cycle continues to improve.
In an economy based on free enterprise people are free to start their own businesses.
us economy
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Demand. (See supply and demand models, graphed and discussed in any standard Economics textbook.)
Which group of people untimately determines the products that a free enterprise economy produce
Yes, the US has a free enterprise economy.
D. Standard of living is usually used to determine the best economic system.
The economy is a free enterprise market economy.
In an economy based on free enterprise people are free to start their own businesses.
The economy of Philippines is based on free enterprise.
A modified private enterprise economy is based on capitalism but has some government interference to prevent monopolies. Example is the economy of the U.S
us economy
us economy
Yes it does
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Why is the u.s. economy considered a free enterprise economy
Demand. (See supply and demand models, graphed and discussed in any standard Economics textbook.)