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3 years ago

What are the weak points of economic costs that are part of a free enterprise economy?

Business

2 answers:

svlad2 [7]3 years ago

7 0

Answer:

competition is allowed to flourish with a minimum of government interference.

Yha I know its short.

Zielflug [23.3K]3 years ago

3 0

The Definition of free enterprise would be competition is allowed to flourish with a minimum of government interference.

So the weak points or cons of this economy would be

the risk when creating a new product, profit is also a risk. Business owners don't know if their product will be a success or a fail. (Efficiency at a Cost)

- inflation. This is the biggest danger of economic growth. When the demand outgrows supply, it sets the scene for companies raising prices. This sort of disparity can have a very bad chain reaction (Economic Growth Rates)

Hope this helped.

Cody

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