In a free enterprise system, what drives individuals to risk their savings in a business venture IS THE POTENTIAL FOR PROFITS.
In a free enterprise system, the forces of supply and demand is what determines what happen in the market, so there is a great potential for producers to make huge profits if they engage in producing the right products.The tendency of making profits is what makes many people to establish business in free enterprise system.
Answer:Roman Republic, the ancient state centered on the city of Rome that began in 509 BCE, when the Romans replaced their monarchy with elected magistrates
Explanation:
Answer:
c. lower private saving and raise public saving.
Explanation:
According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would lower private saving and raise public saving.
<span>Many in the United States felt that to compete on the international scale, the acquisition of overseas colonies was necessary.</span>
Some colonists resorted to smuggling because it offered a way they could avoid the restrictions placed on trade by the British. Restrictions were placed on what the colonies could manufacture, whose ships they could use, and most importantly, with whom they could trade.
British merchants wanted American colonists to buy British goods, not French, Spanish, or Dutch products. In theory Americans would pay duties on imported goods to discourage this practice. The Navigation Act and Molasses Act were just two examples of royal attempts to restrict colonial trade.
Smuggling is the way the colonists ignored these restrictions.
