Answer:
A. how much to charge.
Explanation:
A free-enterprise system 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 system 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.
Some of the characteristics of a free-enterprise system are;
- Citizens have rights to the ownership and use of private property.
- The consumers are free to make their economic choices or decisions such as deciding on which product to buy, which goods interest them, where to shop for goods, etc.
- The producers are free to make their economic choices or decisions such as deciding on how much is to be charged on a product.
Hence, in a free-enterprise system, producers decide how much to charge.
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Answer:
refer to the above attachment
Incomplete questions. Here is part of the complete questions:
- What is NOT a major river valley in Asia (Tigris-Euphrates, Nile, Indus, Huang He)?
- What is the caste system?
- What important African trading center became a famous center for learning and culture?
Answer:
<u>1. the Nile</u>
<u>2. strict social structure of India</u>
<u>3. Timbuktu</u>
Explanation:
1. We can rightly make this conclusion because even though the Nile is a major river, it is actually located in the continent of Africa, (specifically northeastern Africa).
2. Indeed, the caste system was introduced in. This system requires a strict social structure, in which individuals in the society are ranked by their status etc.
3. The African country of Timbuktu had a major role in African trade, it became a center for African trading. It also contributed to learning and culture.