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1 entrepreneurship
2.easy entry/exit
3.profit motive
4.capital/enterprise factors for production.
5.laissez-faire .
6 customer oriented
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What are five basic principles found in a free enterprise system?
Five basic principles found in a free interprise system are; legal equqlity, private property rights, free contract, voluntary exchange and competition.
The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?
Free Enterprise A+
What best describes the free enterprise system of the US?
One of the best ways to describe free enterprise system in the US is that people run their own businesses with limited control from the government. A free enterprise system operates with five main principles that include competition.
What type of economic system answers the basic economic questions in the circular model?
Free Enterprise
What basic enterprise are fundamental to American free enterprise?
open opportunity, private property, contracts, voluntary exchange, profit motive, legal equality, and competition
What are five basic principles found in a free enterprise system?
Five basic principles found in a free interprise system are; legal equqlity, private property rights, free contract, voluntary exchange and competition.
The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?
Free Enterprise A+
What describes the free enterprise system of the US?
One of the best ways to describe free enterprise system in the US is that people run their own businesses with limited control from the government. A free enterprise system operates with five main principles that include competition.
What best describe the free enterprise system of the US?
One of the best ways to describe free enterprise system in the US is that people run their own businesses with limited control from the government. A free enterprise system operates with five main principles that include competition.
What best describes the free enterprise system of the US?
One of the best ways to describe free enterprise system in the US is that people run their own businesses with limited control from the government. A free enterprise system operates with five main principles that include competition.
What type of economic system answers the basic economic questions in the circular flow?
Free Enterprise
What type of economic system answers the basic economic questions in the circular model?
Free Enterprise
What basic enterprise are fundamental to American free enterprise?
open opportunity, private property, contracts, voluntary exchange, profit motive, legal equality, and competition
What are free enterprise zones'?
what are free enterprise zone
What are and free enterprise zones'?
what are free enterprise zone
What are the connections between democracy and the free enterprise system?
You might think capitalism equals free enterprise and so does democracy equal free enterprise. Captiialism is the methodology of big business. A democracy creates the space to practice free enterprise and then free enterprise fosters capitalism which is basic -ally "money making money", a specialty employed by big business, but democracy allows for any size business or individual to emulate big business and also to invest (and reinvest to "make money with money" and to no limit)
What are three basic principles of public education?
The three basic principles of public education are that schools should be free and supported by taxes and that teachers should be trained. Children should also be required to attend school.
