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ipn [44]
3 years ago
5

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

Social Studies
2 answers:
horrorfan [7]3 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]3 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
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Answer:

no bite

Explanation:

A contingency may be a punishment or a reinforcement which occurs after the behavior have been expressed by the other person or group.

The penalty contingency may be defined as the immediate response removal of the reinforcer that results in the decrease frequency of the response.

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3 years ago
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