answersLogoWhite

0


Best Answer

there are four components of the free enterprise system which include: competition, the pursuit of profit, private property and the right to choose.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are components of the free enterprise system?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

A sentence with free enterprise system?

The United States is a free enterprise system.


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 would have the same meaning as capitalism or a market economy?

Free Enterprise System


What is the enterprise wheel?

The Enterprise Wheel is a graphical representation that represents the components and interrelationship of a manufacturing system and how the Enterprise, organization or business will prosper.


What are the components of Enterprise Management System?

components of EMS;1)enterprise resource planning2) Supply Chian management3) Customer relationship management


What are components of enterprise system management?

components of EMS;1)enterprise resource planning2) Supply Chian management3) Customer relationship management


Does Mexico have a free enterprise socialist or communist?

It has a free enterprise or "capitalistic" economic system.


What are the goals of free enterprise system?

So-called free enterprise is concerned with making profits.


What is the role of an entrepreneur in a free enterprise system?

It is a persOn who work For enterprise


What economic system does the U.S. use?

Free Enterprise It is not Capitalism A Free Enterprise System is when you have the right to run a business to make a profit with limited interference from the government.


What is a free system?

A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.


The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?

Free Enterprise A+