Question

N a free enterprise economic system, the decisions about what to produce are made in response to —

a
consumer demand
b
university graduation rates
c
government quotas
d
voting patterns

Answer 1

a. consumer demand

Step-by-step explanation:

A free enterprise economic system is one in which the decisions about what to produce are made in response to the consumer demands. More importantly, market forces and not the government determines what to produce.

• A free enterprise economic system is a capitalist economy.
• It is free from government control.
• The taste and wants of the consumer strictly influences what the producers are making.
• In the world today, no economy is perfectly a free enterprise economic system.
• To a certain extent, some production decisions are controlled by the government.