0
In a free enterprise system, enterprises sell goods wherever they want.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the role of profit in a free-enterprise system?
To give people a reason to sell the product.
What is a free market?
A county with a free market is one where people interchange goods and service buy and sell freely, withouth interfeering governmet.
What are the charateristics of capitalism?
I would say # 1 is "Free Enterprise" meaning that all individuals are free to produce the goods and services they desire and to trade or sell them for other goods and services produced by others (either directly or via a monetary medium).
Why did Adam Smith believed in the Free Market?
Adam Smith believed in free market because he felt that it helped them to get items at a good cost. It also provided areas with additional markets to see their goods. Often goods would be left over and free market let producers of these goods find new markets to sell to.
People who buy and sell goods?
Merchants used to travel around the world to buy and sell goods
What is a free enterprise system?
A free enterprise system is one that is based on personal businesses in which they compete to sell their products and are free to make any feasible amount of profit. it is unlike state run systems such as communism where the state (government). controls all business and does not allow major profit to be made. the free enterprise system is also one that allows open or very lightly regulated trade
What factors characterize a free enterprise system?
Private ownership and free markets are characteristics of a free enterprise system. This means that there is no interference from the government in terms of regulating the market and this may hurt consumers.
Are there any horse shelters that sell horses for free?
You can't sell something for free. Sellng implies an exchange of goods for money, and free means there is no cost.
What is free enterpise?
Free enterprise is when you can sell a product without the governments approval.
Explain the connections between democracy and the free enterprise system?
Typically, the connection is that when people are politically free to express their own interests, they will correspondingly be economically free to buy and sell goods and services. This is a weak connection at best, since there are numerous countries with relatively free markets that are very non-democratic and there are numerous countries that are democratic with highly nationalized or restricted markets.
Do enterprise equipment manufacturers sell facsimile equipment?
Enterprise equipment manufacturers sell facsimile equipment
Do enterprise equipment manufacturers sell videoconferencing equipment?
Enterprise equipment manufacturers sell videoconferencing equipment
What are the majors elements of the free enterprise system?
People are free to buy, sell, and produce whatever they want.
Is it against the law to buy something just so you can sell it at a higher price?
No, that's what capitalism and free enterprise are based on.
What is the role of profit in a free-enterprise system?
To give people a reason to sell the product.
In the us free enterprise system, property rights give businesses the right to?
sell their property at any price they want (apex)
Do enterprise equipment manufacturers sell consumer communications electronics?
Enterprise equipment manufacturers sell consumer communications electronics
