private ownership, individual initiative, profit, and competition
There are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.
idnetify factors in the united states that made it ideal for the free enterprise system
# Private ownership # individual initiative, # profit # competition
Individuals are free to won and control the factors of production
there are four components of the free enterprise system which include: competition, the pursuit of profit, private property and the right to choose.
Private ownership Individual Initiative Profit Competition
The United States is a free enterprise system.
Free Enterprise
Private ownership individual initiative profit competition
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
It has a free enterprise or "capitalistic" economic system.