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What statement is true about the free enterprise system?

it allows the citizen to own and operate private business for profit.


capitalism?

an economic system based on open competition in a free market, in which individuals and companies own the means of production and operate for profit


What is the economic system in which private business operate competitively for profit with minimal government regulation?

An economic system in which businesses operate with little interference from the government is known as a free market economy. The United States is a good example of this type of economy.


What in an economic system in which most economic activity occurs in the private sector where business is conducted by individuals or organizations in order to make a profit?

capitalism


Is an economic system in which most economic activity occurs in the private sector where business is conducted by individuals or organizations in order to make a profit?

capitalism


What prompts efficient resource allocation in a well functioned market system?

business operating for a profit


What is the economic system in which most economic activity occurs in the private sector where business is conducted by individuals or organizations in order to make a profit?

capitalism


What is an economic system which allows individuals to own and operate private businesses?

Capitalism


What risk their savings in a business venture in a free enterprise system?

the potential profit


What does a capitalist economic system encourag?

private business ownership


What is an economic system in which individuals own and operate the majority of businesses that provide good and services?

capitalism


An economic system characterized by the investment of money in business ventures with the goal of making a profit?

Capitalism