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competition
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Which idea is the driving force of the free enterprise system?
competition
. Which idea is the driving force of the free enterprise system?
competition
Which idea is the driving force for the free enterprise system?
competition
How does the free enterprise system of the US promote individual initiative?
The free enterprise system of the US promotes individual initiative because it propagates the idea that every individual can be an entrepreneur and start his own business.
How does free enterprise function in a capitalistic society?
The idea of free enterprise allows businesses and owners to maximize their potential in a capitalistic system. There are not restrictions, other than laws and regulations regarding monopolies.
Who said the driving force of history was race?
Historian and philosopher Oswald Spengler believed that the driving force of history was race, emphasizing the importance of biological and cultural differences among civilizations.
What is another term for free enterprise system?
Capitalism. However this is inaccurate, as monopolies are as capitalist as you can get and yet are antithetical to the idea of free enterprise.
Who was the creator of Warhammer?
Rick priestley is credited to be the driving force and idea machine behind warhammer and warhammer 40k
Change from mercantilism to free enterprise?
good idea!! yes!
Which term is most similar to the idea of free enterprise?
laissez-faire
What statement is a PRIMARY characteristic of a capitalist system?
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.)
Is the idea of having a central bank for the nation consistent with the idea of free enterprise?
Yes, having a central bank can be consistent with the idea of free enterprise. The central bank can help maintain stable economic conditions and support free markets by managing the money supply and regulating the financial system. However, the operations and policies of the central bank should be designed to minimize interference with market forces and promote competition.
