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Entrepreneurs are important to the free enterprise system because their investments helped fund the industrial economy.

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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


Why are entrepreneurs important in a free enterprise economy?

Entrepreneurs are important because they help boost the economy. Entrepreneurs create jobs and help other businesses expand their clientele by partnering with them.


Why were entrepreneurs an important part of the capitalist or free enterprise system m?

Entrepreneurs are crucial to the capitalist or free enterprise system as they drive innovation and create new products and services, fulfilling unmet needs in the market. By taking risks to start and grow businesses, they stimulate economic growth, create jobs, and foster competition, which leads to better quality and lower prices for consumers. Moreover, their ability to identify and exploit market opportunities helps allocate resources efficiently, enhancing overall economic productivity. In essence, entrepreneurs are the catalysts for change and progress within a free enterprise system.


How does free enterprise make it possible for entrepreneurs to start businesses?

in their legal documents


A sentence with free enterprise system?

The United States is a free enterprise system.


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 would have the same meaning as capitalism or a market economy?

Free Enterprise System


What independent federal agency works to preserve free enterprise by assisting entrepreneurs?

Small Business Administration


Does Mexico have a free enterprise socialist or communist?

It has a free enterprise or "capitalistic" economic system.


What are the goals of free enterprise system?

So-called free enterprise is concerned with making profits.


What is the role of an entrepreneur in a free enterprise system?

It is a persOn who work For enterprise