A free enterprise system is based on four key tenets which are private property rights, profit motive, equal individual rights and unrestricted competition. Property rights assure individuals that their property will not be confiscated by the state. The profit motive leads to competition which results in increased productivity
The primary term that determines how much economic value something had is scarcity
The Tennessee Valley Authority is a federally owned corporation in the United States created by congressional charter on May 18, 1933, to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development to the Tennessee Valley.
In the past couple of years, the disparity in wealth between white families and nonwhite families have <u>grown</u>.
<h3>Why has this disparity grown?</h3>
Institutional racism in the past and present allowed White families to get a foothold in various businesses and over the years this influence has grown.
This has allowed white families to gain even more wealth than nonwhite families such that the wealth disparity between these races keeps increasing.
In conclusion, the disparity has grown.
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