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Identify factors in the US that made it ideal for the free enterprise system?

idnetify factors in the united states that made it ideal for the free enterprise system


What are the four factors of production in the private enterprise system?

Land, labor, capital, enterprise


What are the four factors underlying the free enterprise system?

There are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.


What type of system is free enterprise system?

Individuals are free to won and control the factors of production


What are the factors of production in an economic system?

The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.


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 is a private enterprise system enterprise system?

THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.


A sentence with free enterprise system?

The United States is a free enterprise system.


Economic system in which individuals control the factors and means of production is called?

Free Enterprise


What is an enterprise system and how are they used to change organizations?

An enterprise system helps to improve the economy of an organization.


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.