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Q: What are the qualities of a free interprise system?
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What is a free interprise 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.


How does profit relate to free enterprise?

Free Interprise Is the same


How does profit relate to profit?

Free Interprise Is the same


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.


What is a free-interprise system How does this system encourage the creation of new industries and jobs?

Free enterprise opens up the economy to greater entrepreneurship, thus boosting overall activity creating new jobs.


What does freedom interprise mean?

individuals are free to own and control the factors of production.


What is a country that had a command economy but now has changed to free interprise?

I dont know but you should google it!


What is the difference between interprise and enterprise?

An "enterprise" generally refers to an organization (including non-profit companies and government agencies). On the other hand, the term "interprise" has generally not entered into common usage. Some companies such as Interprise Solutions in the UK have used the term in their company name.


Thanks to penn's work Pennsylvania became an example for what?

either free interprise, indentured servitude , representative government, or public education.


Qualities of an online system?

what the qualities of of a good online system?


What is fullform of erp?

interprise resource planning


What does interprise mean in Scocial studies?

"Interprise" does not have a standard meaning in social studies. It is possible that there is a typo, and the word might be "enterprise" which refers to a project or business venture that involves initiatives and risk-taking to achieve a goal.