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What term means that the government leaves individuals free to own business and make a living depending on their own initiative?

Free enterprise system


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.


Free enterprise in a sentence?

Free enterprise refers to an economic system where individuals and businesses have the freedom to own and operate their own businesses, make independent decisions about production and consumption, and compete with others in the market.


How does a mercantilism system differ from a enterprise system?

Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control


Where can one find information on enterprise system?

There are many places where one can find information on enterprise system. One can find information on enterprise system at popular on the web sources such as Business Directory and Kirit.


What type of system is free enterprise system?

Individuals are free to won and control the factors of production


Because of the system of free enterprise citizens enjoy many advantages Is this true or false?

It is true that because of the system of free enterprises, citizens enjoy many advantages. Free enterprise is also known as capitalism. It is an economic system where the individuals in the economy have the freedom to create business with little government intervention.


How does a mercantile system differ from a free enterprise system?

Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control


How does a mercantile system differ from free enterprise system?

Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control


How does mercantile system differ from a free enterprise system?

Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control


How are financial assets created in the free enterprise system?

Financial Assets are created in the free enterprise system using private individuals wealth, and they purchase things.


What freedoms do business and consumers have in a free enterprise system?

Both of them are free to start a new business