This question is incomplete. Here is the complete question:
Which of the following is the guiding economic philosophy of the free enterprise system?
socialism
communism
Marxism
capitalism
Answer:
The correct answer is Capitalism.
Explanation:
The economic and social system called capitalism is the one which the means of production are in charge of private sector. Its fundamental sources of production are labor and capital.
In this system, capital is the one who generates wealth and through the market, is in charge of distributing resources. And just that is what is also understood by free enterprise system.
Hundreds of gold-seekers died and were buried along the trail. The strain took a toll on the oxen and mules as well. As they traveled, forty-niners lightened the load by throwing out everything they didn't need--from cookstoves and furniture to barrels of flour.
Midway was considered as turning point in the Pacific theater given that Americans achieved naval victory and rode straight to Tokyo in the aftermath of the battle. The Japanese suffered heavy losses and marked a turning point.
