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What are some of the basic principles of free enterprise?


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2014-09-17 17:39:39
2014-09-17 17:39:39

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.

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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.

It is a Free Enterprise System, but has some slight government involvement.

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I have done some digging in the Internet and I have found that it is a free Enterprise country But it was not always like that. In 1795 Poland was not existent for 123 years. I hope this helped. :-)

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The difference between free enterprise and market economy is that in a market economy, thr govevernment has little effect on what you do with your company, and in a free enterprise economy, the government has more control over wat goes on with the company. If you. Are over the age of 12 and you asked this, you need some help because I am 11 and I wrote this.

Free enterprise is usually a characteristic of a capitalist system. Free enterprise is the idea that people are free to operate their businesses with little, if any, government controls.Free-enterprise capitalism has been a powerful idea throughout American history. Starting in the 1700s, colonists complained against Britain's Navigation Acts because they controlled trade and limited freedom of enterprise. The desire for economic freedom was one of the causes of the American Revolution. The idea of free enterprise remained strong during the 1800s. Many immigrants came to America because its free-enterprise system gave them the freedom to work as they pleased. (Note: Some countries have capitalist systems which grant less freedom of enterprise than others. For example, modern Japan is a capitalist country, but its government places some strong controls on Japanese businesses.)

Pro: creativity, advancement con: misuse of power and greed

When there is free enterprise as well as government control in a country, it is a mixed economy or dual economy. The United States is an example of this with some strong government regulation along with private enterprise.

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b/c they observed that nations with free enterprise experience higher economic growth than those with other economic systems.In other words, they wanted to be rich like US.

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some books will state that there are more than five unifying principles. i believe the five basic would be Homeostasis,Genetics,Growth and reproduction,Anatomy and Physiology

It is an economic principle used by most all countries today in some of many watered down versions. Free open markets Consumer driven Follows the basic principles of supply and demand

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