Question

Which ideas or situations are consistent with the concept of free enterprise? Check all that apply.

Answer 1

Answer:

1,3,4,6

Explanation:

Answer 2

Answer:

Consumers overwhelmingly prefer one sandwich shop to another.

A hair stylist decides to reduce prices on his services.

A worker at a factory decides to take another job for higher pay

A business owner decides to offer a new product for sale.

Explanation:

The free enterprise market is a system where the market is regulated by the decisions of the individuals and private institutions without the government making decisions or favoring one or another, all of the options chosen are decisions taken by private individuals in order to seek its own benefit, that´s how the free enterprise model should work.