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atroni [7]
4 years ago
10

Which statements describe a free enterprise system? Check all that apply.

Business
1 answer:
Step2247 [10]4 years ago
4 0

Answer:

1) Citizens can own property.

2) Supply and demand drives production.

3) Consumers and producers make their own decisions.

4) Citizens can accumulate wealth.

Explanation:

Free enterprise are the system where market determine price, product and services not the government. It completely free of government control. They could refer to legal support in certain cases, however, commercial activity are controlled by market and private parties. It is more of capitalism than consumerism. Free enterprises are worked under set of legal rules for commercial interaction. It is operated under competition.

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