The correct answer is It allows the citizen to own and operate a private business for profit.
A free enterprise system is one that involves little government regulation of business. This economic system allows people to own their own businesses. Since individuals have the ability to own their own businesses, they can control who they hire, what products they make, how much they will charge for their product, how many products they will make, etc.
The free enterprise system allows the citizen to own and operate a private business for profit.
The basic principles of a free enterprise system were laid out by Scottish philosopher Adam Smith in an influential book published in 1776: <em>An Inquiry into the Nature and Causes of the Wealth of Nations. </em>The Nobel-prize winning 20th century economist Milton Friedman said of Adam Smith, "The key insight of Adam Smith's Wealth of Nations is misleadingly simple: If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it." Smith argued for such voluntary exchanges within a free market system. He labeled the government-manipulated economic system that was prevailing in his day as "mercantilism," a system in which governments specifically authorized some merchants as the official agents of commerce (rather than endorsing free enterprise). The mercantilist system also viewed wealth as though there were a fixed amount of it available in the world, represented by precious metals such as gold and silver, and that nations were in competition over who got more of that fixed amount of world wealth. Smith saw that wealth was something that could be created and increased through voluntary exchange and free enterprise. Smith's ideas formed the basis for what we have come to know as capitalism.
<u>The Bill of Rights is comprised of Articles 3-12 of the constitution which are ratified subsequently and they together form what is called the Bill of Righ</u>ts. Thus they are an integral part of the Constitution of the USA.
The Constitution had the earlier Bills ratified including the Article 2 as recent as the 90s but the first article of the Constitution was never ratified. The Bill of Rights is included in the articles 3 to 12.
Generally speaking, a key development that occurred globally during the classical era was "D. The expansion of cultural exchange through regional trade", since this was a time of cultural and technological diffusion.
To finally bring law and order to the Upcountry, Governor Johnson established the Circuit Court Act of 1769. The act provided 7 circuit courts in the state with traveling judges. An organized militia was placed in each to finally bring peaceful settlement and law and order to the Backcountry.
