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What is a modified free enterprise system?
A modified free enterprise system is an economic system that has bases on capitalism but has some government interference so there is no monopoles for example the U.S. is a modified free enterprise system. ...
What are some benefits and challenges of enterprise systems?
Some benefits to having an enterprise system is the fact that they are more robust than personal systems. Unfortunately, they are also more expensive. ...
Asked in History, Politics & Society, Associates Degrees, Economics, Business Accounting and Bookkeeping
Why is the US economy sometimes referred to as a modified free enterprise system?
It is a Free Enterprise System, but has some slight government involvement. ...
What year did Russia and eastern European become a free enterprise?
Russia is not yet a free enterprise; it is in transition.
What are some of the basic principles of free enterprise?
One of the main principles of a free enterprise system is that the government has little or no participation in the market economy. The right to private property is another significant principle. ...