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How does a free enterprise system differ from a mixed economy?
A free enterprise is the freedom of private businesses to operate competitively for profit with minimal government regulation. A mixed economy is a system that allows for the simultaneous operation of publicly and privately owned enterprises
What statement is true about the free enterprise system?
it allows the citizen to own and operate private business for profit.
Why is capitalism so prevalent in the global economy?
Capitalism is prevalent in the global economy because this economic system allows individuals freedom to make choices. With this system, people are free to do what they want to do and use their money where they want to.
How do business enterprises contribute to economic growth?
Business enterprises contribute to economic growth by providing employment opportunities. This allows for more financial success and more money to flow into the economy.
What type of economy best fits this description where The average person has the freedom to make economic decisions?
The type of economy you are looking for is Market. It allows individuals to decide for themselves, but then there is a lot of competition. the ones who are poor/the ones that loose, will end up in poverty.
Which freedom allows people to peacefully protest in front of a business or demonstrate for a particular cause?
In the bill of rights we gained "The Freedom of Assembly" which in turn allows freedom for protests, picketing and demonstrations.
How does a free enterprise system differ from a mixed economy?
A free enterprise is the freedom of private businesses to operate competitively for profit with minimal government regulation. A mixed economy is a system that allows for the simultaneous operation of publicly and privately owned enterprises
Why would the barclaycard business be beneficial?
BarclayCard Service allows you to make payments, and to receive payments. Also, they operate like a normal credit card, allowing you the freedom to have extra finances available in times of need.
What is true about the free enterprise systeming?
it allows the citizen to own and operate private business for profit.
What statement is true about the free enterprise system?
it allows the citizen to own and operate private business for profit.
What is a economic market system?
An economy that allows business owners to complete in the market with little government interference.
Why is innovation important for society?
Innovation provides several key benefits to businesses and thus an economy. Innovation enables businesses to operate more efficiently. This allows the businesses the spend less money on existing operations and allows additional investment.Innovation also allows development of entirely new businesses or even business areas such as technology.
What is better: socialism or capitalism?
capitalism
What does it mean to register your business and why is it important?
Registering your business means officially documenting your business with the government. It is important because it gives your business legal recognition, allows you to operate legally, protects your business name, and enables you to access certain benefits and protections.
Why is capitalism so prevalent in the global economy?
Capitalism is prevalent in the global economy because this economic system allows individuals freedom to make choices. With this system, people are free to do what they want to do and use their money where they want to.
Why do cars have over drive?
To improve fuel economy- allows engine to operate at lower rpms after speed has been established Overdrive= low power, High speed
How do business enterprises contribute to economic growth?
Business enterprises contribute to economic growth by providing employment opportunities. This allows for more financial success and more money to flow into the economy.
