1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksenya-84 [330]
3 years ago
10

A capitalist/free enterprise economy is often characterized by -

History
1 answer:
Hitman42 [59]3 years ago
6 0

Answer:

K) private ownership and limited government interference.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Free-enterprise (capitalist) economy.

III. Traditional economy.

IV. Command economy.

A free-enterprise economy also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise economy is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

Hence, a capitalist or free enterprise economy is often characterized by private ownership and limited government interference.

You might be interested in
Why did the Fort Sumter commander contact President Lincoln?
aleksklad [387]

Answer:

In February 1861, Jefferson Davis was inaugurated as the provisional president of the Confederate States of America, in Montgomery, Alabama. On March 4,1861, Abraham Lincoln took his oath of office as president of the Union in Washington, DC. The fate of Fort Sumter lay in the hands of these two leaders.

As weeks passed, pressure grew for Lincoln to take some action on Fort Sumter and to reunite the states. Lincoln thought of the Southern secession as "artificial." When Jefferson Davis sent a group of commissioners to Washington to negotiate for the transfer of Fort Sumter to South Carolina, they were promptly rebuffed.

Lincoln had a dilemma. Fort Sumter was running out of supplies, but an attack on the fort would appear as Northern aggression. States that still remained part of the Union (such as Virginia and North Carolina) might be driven into the secessionist camp. People at home and abroad might become sympathetic to the South. Yet Lincoln could not allow his troops to starve or surrender and risk showing considerable weakness.

Jefferson Davis campaign poster

Jefferson Davis was inaugurated provisional president of the Confederate States of America on February 18, 1861, and elected president of the CSA later that year.

At last he developed a plan. On April 6, Lincoln told the governor of South Carolina that he was going to send provisions to Fort Sumter. He would send no arms, troops, or ammunition — unless, of course, South Carolina attacked.

Now the dilemma sat with Jefferson Davis. Attacking Lincoln's resupply brigade would make the South the aggressive party. But he simply could not allow the fort to be resupplied. J.G. GILCHRIST, a Southern newspaper writer, warned, "Unless you sprinkle the blood in the face of the people of Alabama, they will be back in the old Union in less than ten days."

Davis decided he had no choice but to order Anderson to surrender Sumter. Anderson refused.

The Civil War began at 4:30 a.m. on April 12, 1861, when Confederate artillery, under the command of GENERAL PIERRE GUSTAVE T. BEAUREGARD, opened fire on Fort Sumter. Confederate batteries showered the fort with over 3,000 shells in a three-and-a-half day period. Anderson surrendered. Ironically, Beauregard had developed his military skills under Anderson's instruction at West Point. This was the first of countless relationships and families devastated in the Civil War. The fight was on.

Explanation:

4 0
3 years ago
When historians talk about the present, they are referring to events
Monica [59]
Events that are happening in their time
8 0
3 years ago
Read 2 more answers
How did climate change affect early people's emigration?
labwork [276]
As the climate warms, it changes the nature of global rainfall, evaporation, snow, stream flow and other factors that affect water supply and quality.
6 0
3 years ago
Read 2 more answers
What was the Mayflower Compact?
jekas [21]

Answer:

An agreement to follow certain rules and establish a goverment of sorts in the settlement at Plymouth, Mass. The name of a famous

ship

Explanation:

7 0
3 years ago
In a democracy the government rules by the consent of the
alisha [4.7K]

Edit: I misread the question, the answer is "Governed"

3 0
4 years ago
Other questions:
  • What was the difference between the ironclads, the Monitor, and the Merrimac?
    9·1 answer
  • During the ______, the writings and art of ancient greeks were rediscovered. italy 2. ______ is the study of religious faith, pr
    8·2 answers
  • Which of the following countries adopted many cultural traits of the United
    5·1 answer
  • Unit Test
    6·1 answer
  • Why is the amendment process in the Constitution an example of federalism?
    15·2 answers
  • What was the reason president nixon visited china
    8·1 answer
  • She refused to her strongly held beliefs.
    8·2 answers
  • Why is this considered a Jim Crow Law?
    9·2 answers
  • Describe three challenges faced by immigrants who came to United States in the late 1800s connections academy unit eight lesson
    15·1 answer
  • According to the table, with which countries did the us have a trade deficit in 2015? check all that apply.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!