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What economic system was based on free enterprise?

Updated: 2/17/2023

Wiki User

∙ 11y ago

Best Answer

Capitalism as found in economics textbooks, not in the real world.

paulbenn ∙

Lvl 13

∙ 1y ago

This answer is:

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Wiki User

∙ 11y ago

A Free Enterprise economy is

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Continue Learning about Economics

What is an economic system based on free enterprise?

Go ask someone who cares

An economic system based on private property and free enterprise is called?

Capitalism

What is the economic system of the United States?

The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.

The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?

Free Enterprise A+

Is the free enterprise system is an economic system not a political system?

True

Related questions

What is an economic system based on free enterprise?

Go ask someone who cares

An economic system based on private property and free enterprise is called?

Capitalism

What is the economic system of the united state?

The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.

What is the economic system of the United States?

The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.

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.

The circular flow model of pure capitalism shows how a economic system answers the basic economic questions?

Free Enterprise A+

Does Mexico have a free enterprise socialist or communist?

It has a free enterprise or "capitalistic" economic 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.

The free enterprise system is an economic system not a political system?

true

Is the free enterprise system is an economic system not a political system?

True

Who did not support the free enterprise economic system?

kerl cocks

Your economic system in the US is called?

it is called: Free Enterprise

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