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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. 
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How did the rich live during the industrial revolution
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How did the upper class live during the Industrial Revolution?

At the top of society was the aptly-named upper class. They were wealthy, educated, and owned the factories or buildings in which people worked. ... The Industrial Revolution did encourage a middle class of people who were not abundantly wealthy, but who also were not unskilled laborers in a factory barely getting by.

How did the Industrial Revolution affect the rich?

As a result of the Industrial Revolution, economies transformed and affected all classes of people. First, the rich got richer. The rich who owned businesses became even richer. ... This allowed the rich to build huge mansions, collect fine art and erect museums and libraries.

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3 0
3 years ago
What obstacles has Odysseus faced so far on his road of trials?
harkovskaia [24]

Answer:

The answers are:

a. Lord Helios, the sun god, has killed Odysseus's men for eating his cattle.

c. The crew has been attacked by an army at Cicones.

d.Zeus has sent a huge sea storm.

e.Some of the men have eaten the lotus flower and had to be rescued.

Explanation:

The Odyssey ( by Homer) tells of the return journey of Odysseus to the island of Ithaca from the war at Troy,Odysseus, travels very far and during this journey he faced many challenges.

a. Odysseus prevents his men from approaching the cattle but, their deep hunger after being stranded by bad winds on the island leads the men to consume some of the cattle while Odysseus is asleep.

c. Odysseus ask his men to take what was needed and leave the island quickly, but they did not listen; As they were looting, the Cicones' army attacked Odysseus's men.

d. Poseidon the Earth-Shaker, returning from visiting Ethiopia  he stirred up the sea, and roused the tempest blast of every wind,  driving a vast wave before Odysseus.      

e. Once The lotus plant is eaten, the person only cares about eating the lotus plant. Odysseus sent in two men to check out the area.  When they did not come back, Odysseus went to find them.  He found the two men hopelessly addicted to eating this plant. Odysseus tied the two men up and forced them into the ship against their will and sails away.    

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