Question

Which of the following is a characteristic of free enterprise? a. Individuals have the freedom to make economic choices. b The government takes control of all goods and resources. c Individuals have to get permission from the government to start a business d The government restricts trade from businesses.

Answer 1

A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.

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