In a free enterprise market _______________. A. The government regulates demand but not supply. B. The goverment regulates suppl
y but not demand. C. The prices are governed by the laws of the government. D. Business is governed by the laws of supply and demand. Please select the best answer from the choices provided A B C D
Business is governed by the laws of supply and demand ( D )
Explanation:
In a free enterprise market business is governed by the laws of supply and demand because a free enterprise market is a type of market economy whereby market factors determine the prices of goods and services, supply and demand of goods and service with little or no government interference.
A free enterprise is also known as a capitalist economy system whereby the market players determine the supply,demand and pricing of goods and services rather than the Government or other external factors
