What factors characterize a free enterprise system?

Answer 1

Private ownership and free markets are characteristics of a free enterprise system. This means that there is no interference from the government in terms of regulating the market and this may hurt consumers.

Answer 2

The four components of the free enterprise system are households, businesses, markets and governments. It consists of private marketing of resources or goods outside of direct government control.

Answer 3

The government does NOT control the businesses and except for limited regulation does not interfere.

Answer 4

A characteristic of private enterprise is a penishead over a vagina.

Answer 5

1. private or corporate ownership of capital goods

2.investments made by private decisions

3.success or failure determined by competition in the market place

Answer 6

Free enterprise allows businesses to sell products and services for money. People purchase these products and services based on perceived value.