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What is a modified private enterprise economy?

A modified private enterprise economy is based on capitalism but has some government interference to prevent monopolies. Example is the economy of the U.S


What is Harold somer's principle of government expenditures?

Developed by Harold Sommers and is guided by these four principles he had suggested in the field of government expenditure to wit: 1.PRINCIPLE OF MININUM EXPENDITURE- Government must only spend the minimum least it cost,that is in consistent in protecting the welfare of its citizens or people. 2.PRINCIPLE OF MINIMUM INTERFERENCE WITH PRIVATE ENTERPRISE- government spending should have a little interference with private entities, it should not compete with business entities. 3. PRINCIPLE ODF MAXIMUM EMPLOYMENT- Government expenditures its primary purpose is to raise the employment level to a higher level as possible. 4.PRINCIPLE OF MAXIMUM ADVANTAGE-in government spending maximum advantage each expenditures spend should result to a marginal social responsibility advantage


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.


What is a free 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.


What is private enterprise and Examine private enterprise and appraise the effect of private control of business?

What is private own enterprise


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.


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.


What are the elements of free enterprise?

The free enterprise system is a model that allows a person to seek out and engage in their own economic self=interest without excessive government interference. A Free Enterprise society allows private property ownership, freedom of choice, the ability to make a profit and allows for competition.


What are the ratings and certificates for A Private Enterprise - 1974?

A Private Enterprise - 1974 is rated/received certificates of: UK:U


What are differences between public enterprise and private enterprise?

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Is an example of a government price control.?

What principle refers to the fact that a person is prevented from consuming private goods unless he or she pays for them


Do enterprise equipment manufacturers sell private branch exchanges?

Enterprise equipment manufacturers sell private branch exchanges