ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What’s another term for ‘free enterprise system’?
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Socialism
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Capitalism
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Communism
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Traditional Economy
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Explanation:
Detailed explanation-1: -In free markets, also called laissez-faire economies, markets operate with little or no regulation.
Detailed explanation-2: -A free enterprise system is an economic system where a government places very few restrictions on the types of business activities or ownership in which citizens participate. This type of system is often referred to by others as a free market, or capitalism.
There is 1 question to complete.