1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denis-greek [22]
3 years ago
11

Why do businesses compete in a free enterprise system?

History
2 answers:
BartSMP [9]3 years ago
4 0

Free enterprise is the term used to designate the concept of business in the market economy of the capitalist economic system, which is based on the ethics of individual freedom. According to liberal economic theory it is an essential concept for the theoretical operation without restrictions of a free market of perfect competition, without coercive monopolies or distortions due to state interventionism (fifth power).

Therefore companies that are within this system must compete with each other, to maximize their benefits and ideas. Within this system companies prosper only if they are productive and effective.

Zina [86]3 years ago
3 0
Businesses compete in a free enterprise system because these systems exist in a capitalist environment, wherein the company with the "best idea" or product makes the sale and thus a profit--thus fostering competition. 
You might be interested in
How was the Yuan Dynasty overthrown?
QveST [7]

Answer:

The Yuan Dynasty was eventually destroyed by the peasants' uprising. In 1351, the 'Hongjinjun (army with red head-scarves) Uprising', led by a man named Liu Futong, broke out in Yingzhou (in current Anhui Province). Fierce battles took place progressively between the Hongjinjun military force and the Yuan army.

Explanation:

..

6 0
3 years ago
What are the main causes of worldwide hunger
stira [4]
Here’s a list to some of the main causes
1. Poverty: the state of being poor. The most hungry people in the world are the ones that live in extreme poverty. Those mostly are smallholder farmers in developing countries.
2. Job instability: when someone lacks a job or is paid to little to live comfortably they may be facing hunger. They may not have enough money to eat so they only pay for what they have to instead of food for themselves. For example, a single parent paying rent and food for their kid but doesn’t have enough for themselves.
3. Lack of access to safe water: Without access to safe water, crops can’t grow properly, and people can’t survive or stay healthy.
4. Food shortages or scarce availability of food: Food from the previous harvest runs out and families cut back on meals. The more they run out the less they eat.
6 0
4 years ago
Did Americans support Filipino independence after Spain left the Philippines?
Rzqust [24]

Answer:

yes

I think he's because if u have a book if u look into it it'll tell u that the Filipino were helped by the american

6 0
3 years ago
' ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''
kozerog [31]

Answer:

The constitution

Explanation:

The constitution outlined several rights as well as rules for the colonies to abide by.

5 0
3 years ago
How did the Cold War (between the US and Soviet Union) impact other countries around the world?​
MrRissso [65]

Answer:affected trade

Explanation:

4 0
3 years ago
Other questions:
  • What was Jesus arrested and crucified for?
    9·2 answers
  • How does language both unite and divide
    15·1 answer
  • What was the key difference between the ideas of Herbert Hoover and Franklin D Roosevelt regarding economic problem solving?
    14·1 answer
  • Choose the function that has domain x*-3 and range y = 2.
    13·1 answer
  • What fraction of the general assembly does it take to override a veto of the governor and propose an amendment to the illinois c
    8·1 answer
  • The invention of labor-saving devices for the farmer was called the:
    8·2 answers
  • Who were the muckrakers? How did they impact US history?
    11·2 answers
  • Under Napoleon, what form of government did France have?
    9·2 answers
  • Monks would sometimes use painted _______ to instruct people ​
    11·2 answers
  • What is photosynthesis​
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!