What are the characteristics of a free enterprise system?

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asked Feb 6, 2018 41.0k views

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Spandan Joshi · Answer 1 · 2018-02-10T15:16:19+0000

The system has four characteristics: economic freedom, voluntary exchange, private property, and the profit motive. The free enterprise system may also be referencedas capitalism or the free market system.

What are the characteristics of a free enterprise system?

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