In a free enterprise system, three key economic freedoms include the freedom of choice, which allows individuals to make decisions about what to produce, sell, and purchase; the freedom to compete, enabling businesses to enter markets and compete for customers without excessive restrictions; and the freedom to own private property, which grants individuals and businesses the right to acquire, use, and transfer assets as they see fit. These freedoms foster innovation, efficiency, and economic growth by encouraging entrepreneurship and consumer choice.
True
A communist economic system is related to a whole country, while an enterprise system is restricted to that enterprise and it isn't a communist system because all employees can drive their own lives.
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.
Free Enterprise A+
They have a Private Enterprise
true
True
A communist economic system is related to a whole country, while an enterprise system is restricted to that enterprise and it isn't a communist system because all employees can drive their own lives.
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.
Free Enterprise A+
Both of them are free to start a new business
It has a free enterprise or "capitalistic" economic system.
They have a Private Enterprise
Both of them are free to start a new business
A capitalistic system is an economic system known as a free enterprise system.
A capitalistic system is an economic system known as a free enterprise system.
Consumers.