GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
the right to own businesses and to make money with others countries.
|
|
|
the right to own businesses and to make money with government interference
|
|
|
the right to own businesses and to make money with limited government interference
|
|
|
None of the above
|
Detailed explanation-1: -The word “free enterprise” or “free market” refers to an economy in which the market, rather than the government, sets prices, products, and services. As a result, businesses and services are not subject to government regulation.
Detailed explanation-2: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.
Detailed explanation-3: -Private property, economic freedom, economic incentives, competitive markets, and the limited role of government are the characteristics of a free enterprise system.
Detailed explanation-4: -Free enterprise, or the free market, refers to an economy where the market determines prices, products, and services rather than the government. Businesses and services are free of government control.