-Private ownership of capital goods.
-Encourages growth
-And competition in the market place
Private ownership, individual initiative, profit, and competition.
True
Private ownership individual initiative profit competition
Private ownership individual initiative profit competition
The United States is a free enterprise system.
Private ownership, individual initiative, profit, and competition.
producers motivated by profit
True
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.
Free enterprise system
So-called free enterprise is concerned with making profits.
Private ownership individual initiative profit competition
Private ownership individual initiative profit competition
So-called free enterprise is concerned with making profits.
The United States is a free enterprise system.
-Private ownership of capital goods. -Encourages growth -And competition in the market place
Free Enterprise System