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vesna_86 [32]
3 years ago
7

In a free enterprise system, what drives individuals to risk their savings in a business venture?

History
2 answers:
Travka [436]3 years ago
5 0
Profit drives people to risk their savings 
Sunny_sXe [5.5K]3 years ago
4 0

The correct answer to this open question is the following.

In a free enterprise system, what drives individuals to risk their savings in a business venture is the opportunity to get profits and get rich.

In the free enterprise system, people open many businesses in order to make a profit and get rich. In a free-market economy like the one of the United States, free competence allows people to chose from many companies to get a product. So businessmen open shops, restaurants, factories, and companies to provide goods and services that satisfy consumers who pay a fair price to satisfy their needs. The more consumers a company has, the highest the percentage of profit.

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570 CE

Muhammad is born in Mecca.

610 CE

Muhammad receives his first revelation on Mount Hira.

622 CE

Muhammad undertakes the Hegira (Hijra), the migration from Mecca to Medina, establishing the start of the Islamic calendar.

624 CE

Battle of Badr: Muhammad's forces win, resulting in a turning point for Islam against the ruling Quraysh tribe.

625 CE

Battle of Uhud: Quraysh tribe defeats the Muslims.

627 CE

Battle of the Trench: Quraysh troops attempt to siege Medina (then called Yathrib), but lose to the Muslim force.

627 CE

Siege of Bani Qurayzah: Muslims capture the Jewish stronghold.

628 CE

Treaty of Hudaybiyyah: A peace agreement is signed between Muhammad's Muslims and the people of Mecca.

628 CE

Conquest of Khaybar oasis: Jews barricade themselves in a fort at Khaybar oasis and are allowed to remain living there if they pay the Muslims one third of their produce.

629 CE

First Pilgrimage ("lesser" pilgrimage or "umrah") made by Muhammad and his Muslims to Mecca after migrating to Medina.

629 CE

Battle of Mu'tah: Muslims attempt to capture the village east of the Jordan River from the Byzantine Empire to show their expanding dominance, resulting in a Muslim defeat.

630 CE

Non-violent conquest of Mecca: The Quraysh realize that the Muslims now greatly outnumber them and allow the Muslims to capture their city, Mecca, and rule it as they please.

630 CE

Battle of Hunayn: Ending in a decisive victory for the Muslims over the Bedouin tribe of Hawazin.

630 CE

Attempted Siege of Ta'if: Muhammad's forces are initially unable to siege Ta'if and convert its people to Islam.

632 CE

"Farewell Hajj Pilgrimage": This is the only Hajj pilgrimage in which Muhammad participates.

632 CE

Muhammad dies in Medina, not clearly naming a successor to lead the Muslim people.

632 CE - 634 CE

Abu Bakr becomes the first caliph (successor to Muhammad) of the Rashidun Caliphate.

634 CE - 644 CE

Umar ibn al-Khattab succeeds Abu Bakr, becoming the second caliph of the Rashidun Caliphate.

637 CE

Muslim Conquest of Mesopotamia.

637 CE

Muslim invasion of the Levant. The Byzantines are driven out.

644 CE - 656 CE

Uthman ibn 'Affan succeeds Umar to become the third caliph of the Rashidun Caliphate.

c. 650 CE

Uthman orders the establishment of one "true" Quran while destroying the others.

656 CE - 661 CE

Ali ibn Abi Talib succeeds Uthman to become the fourth and final caliph of the Rashidun Caliphate.

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Oct 680 CE

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Fall of the Umayyad Caliphate.

750 CE

Start of the Abbasid Caliphate.

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Reign of Al-Mansur over the Abbasid Caliphate.

756 CE

Abd al-Rahman I establishes the Emirate of Cordoba.

756 CE - 788 CE

Reign of Abd al-Rahman I over the Emirate of Cordoba

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