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People are free to buy, sell, and produce whatever they want.

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Related Questions

What are the major elements of free enterprise?

Some major elements of a free enterprise system include right of land and freedom of economic decisions


A sentence with free enterprise system?

The United States is a free enterprise system.


What is a free enterprise system mean?

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.


What would have the same meaning as capitalism or a market economy?

Free Enterprise System


Does Mexico have a free enterprise socialist or communist?

It has a free enterprise or "capitalistic" economic system.


What are the elements of free enterprise?

The free enterprise system is a model that allows a person to seek out and engage in their own economic self=interest without excessive government interference. A Free Enterprise society allows private property ownership, freedom of choice, the ability to make a profit and allows for competition.


What are the goals of free enterprise system?

So-called free enterprise is concerned with making profits.


What is the role of an entrepreneur in a free enterprise system?

It is a persOn who work For enterprise


What economic system does the U.S. use?

Free Enterprise It is not Capitalism A Free Enterprise System is when you have the right to run a business to make a profit with limited interference from the government.


The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?

Free Enterprise A+


What is a free system?

A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.


What are three goals of the free-enterprise system?

So-called free enterprise is concerned with making profits.