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3 votes
Who is a catalyst in a free enterprise system ?

2 Answers

0 votes
An economic system in which privately owned businesses have the freedom to operate for a profit with limited government intervention
answered
User Ram Ch
by
8.3k points
5 votes

Answer:

Entrepreneurs is the correct answer.

Step-by-step explanation:

In the free-market economic system, the privately-owned business has the freedom to operate for a profit. In a free enterprise economy, entrepreneurs act as a catalyst. They organize different factors of production in a successful business and earn profit from it. These businesses help the entire society. Factors of production benefit by suitable compensation, consumers benefit through increased choices, and the entrepreneur benefits in the form of profit. Entrepreneurs act as an agent of growth and innovation in the economy.

answered
User Bandreid
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8.7k points

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