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What are the four factors underlying the free enterprise system?
Wiki User
∙ 15y ago
There are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.
Elza Larkin
Wiki User
∙ 15y agothe free enterprise system is based on four fundamental factors: private ownership, individual initiative, profit, and competition.
Wiki User
∙ 9y agoThere are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.
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What are the four factors of production in the private enterprise system?
Land, labor, capital, enterprise
What are four factors of free enterprise system?
private ownership, individual initiative, profit, and competition
What are the four factors that make up the free enterprise system?
# Private ownership # individual initiative, # profit # competition
What are the Four basic rights within a private enterprise system?
The four basic rights on the private enterprise system are:Private propertyCompetitionProfitsFreedom of choice
What are the four factors of producktion?
the four factors of productions is dervied from the input of the production process.... they are landlabour capital and enterprise.
What are the different factors of production?
There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.
What are the basic rights within a private enterprise system?
The four basic rights on the private enterprise system are:Private propertyCompetitionProfitsFreedom of choice
What are basic rights within a private enterprise system?
The four basic rights on the private enterprise system are:Private propertyCompetitionProfitsFreedom of choice
What is the remuneration of each of of the four factors of production?
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
What are components of the free enterprise system?
there are four components of the free enterprise system which include: competition, the pursuit of profit, private property and the right to choose.
Four fundamental factors of free enterprise?
Private ownership Individual Initiative Profit Competition
What are the rewards of the four factors of production?
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
