Which of the following is the guiding economic philosophy of the free enterprise system?

Social Studies

2 answers:

horrorfan [7]4 years ago

6 0

Answer:

Capitalism is the correct answer.

Explanation:

An economic system in which the private individuals or businesses control the modes of production is called capitalism. It is different from the command economy i which the government plays key role in planning the economy. The laissez-faire capitalism is the purest form of capitalism. In laissez-faire capitalism private individuals can decide where to invest money, what to produce and set the price. There are no checks and controls in laissez-faire economy.

shtirl [24]4 years ago

5 0

Capitalism is the guiding economic philosophy of the free enterprise system. It is based on private property and free enterprise. Hope this answers the question. Have a

You might be interested in

Definition of political parties

iVinArrow [24]

Answer:

A political party is an organization that coordinates candidates to compete in a particular country's elections. It is common for the members of a party to hold similar ideas about politics, and parties may promote specific ideological or policy goals.

Explanation:

The answer is the explanation

4 0

2 years ago

Read 2 more answers

What energy created from heat that comes from inside Earth?

natita [175]

Answer:

geothermal

Explanation:

Geothermal energy is heat within the earth. The word geothermal comes from the Greek words geo (earth) and therme (heat). Geothermal energy is a renewable energy source because heat is continuously produced inside the earth.

4 0

3 years ago

Read 2 more answers

What was the relevance of St. Peter's Basilica?

Anna11 [10]

Answer:

C olabilir ................

4 0

3 years ago

The royal portal at the church of notre dame at chartres gets its name from ___________.

Yuki888 [10]

The column statues depicting members of the French royal family