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Why were entrepreneurs an important part of the capitalist or free enterprise system m?
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Who plays one of the most important roles in the free enterprise system by starting a new business?
entrepreneurs
How does the free-enterprise system discourage entrepreneurs who waste resources?
they can't make a profit
Who owns capital in a free enterprise system?
Anyone can own capital in a free enterprise system.
Why do you need to know about the Free Enterprise System?
You probably live in a country that has a capitalist economy, to which, free enterprise is the back bone. If that's the case, the more you know the better off you'll be.
What economic system does the United States have?
free enterprise system!!
Why are entrepreneurs important to a free enterprise system?
Entrepreneurs are important to the free enterprise system because their investments helped fund the industrial economy.
Who plays one of the most important roles in the free enterprise system by starting a new business?
entrepreneurs
How does the free-enterprise system discourage entrepreneurs who waste resources?
they can't make a profit
Who owns capital in a free enterprise system?
Anyone can own capital in a free enterprise system.
Central planning committees fix production quotas in the free enterprise system.?
NO. Central Planning Committees only exist in planned economies, not free-enterprise capitalist economies. Production quotas are made by individual companies in capitalist economies.
Does England have a free enterprise system?
No: there is plenty of state support for companies. And most people have to work for a wage, and so are not free.
Why do you need to know about the Free Enterprise System?
You probably live in a country that has a capitalist economy, to which, free enterprise is the back bone. If that's the case, the more you know the better off you'll be.
What economic system does the United States have?
free enterprise system!!
Is Australia socialist or captalist?
Yes No, Australia has a mixed economy with many of the feature of a capitalist system such as a free enterprise system but also a government opperated social security system that is paid for out of taxation. The fact is that there is no such thing as a capitalist country in the world.
Is the UK free-enterprise socialist or communist?
The UK is capitalist (class ownership, wages system, production for sale), but with a fair amount of state interference.
What is a capitalistic system?
A capitalist system involves people working for themselves in order to make a profit. A capitalist government usually believes in rare government intervention, low taxes on businesses, promoting privatisation and encouraging foreign investment.
Where in the modern free enterprise system can his economic philosophies be seen?
Capitalist countries rely on competition between businesses to set fair prices for goods.
