ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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individual or corporate ownership of capital goods
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very heavy government regulation of businesses
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government provision of free services to those in need
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free trade, with markets open without restriction to foreign goods
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Detailed explanation-1: -Answer and Explanation: The correct answer is choice a “individual or corporate ownership of capital goods"; The U.S free enterprise system allows individuals or corporations to own capital goods because it limits the government’s intervention in diverse business operations.
Detailed explanation-2: -The U.S. economy is a free enterprise system. That means that individuals-and not the government-own most of our country’s resources. Free enterprise also means that supply and demand determine how our resources are used.
Detailed explanation-3: -Most countries have a mixed economy or mixed economic system. The U.S. is often considered a highly capitalist country whose economy embodies the essence of a free market.
Detailed explanation-4: -People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.
Detailed explanation-5: -The following best describes the free enterprise system? A market system.