Question

Based on the advertisements, what conclusion can be drawn about the free enterprise system?

Answer 1

Answer:

c.)Competition in the marketplace improves quality and prices of goods.

Explanation:

The free enterprise system is one where there is freedom of economic activity by organizations in different economic sectors with low state intervention, that is, companies are free to produce and achieve profitability, and consumers are free to choose what and from which company want to consume.

This free enterprise system benefits companies, which can operate according to their own strategies, and consumers, who benefit from competition between competing companies in the market, which makes it possible for consumers to choose more due to large number of companies offering similar products, which contributes to a greater number of companies wanting to attract more consumers by offering products with higher quality and better price than their competitors.