Question

An economic system that allows indivduals to pursue their own interests without undue

Answer 1

Answer:

a. private enterprise

Explanation:

Economics systems can be categorized as;

• Command or planned economic systems
• Mixed economies
• Market or free enterprise economies

The market or free enterprise economy is also the private enterprise economy. This economic system has the private sector as the primary producers of goods and services. The government does not interfere with economic activities.

In the private enterprise economy, private firms and individuals have the freedom to start and operate a business of their preferences. The government does not regulate the production, distribution, or prices of products. The private sector engages in business activities that will generate maximum profits for them.