MAKING OF A NEW NATION 1776 1800
THOMAS JEFFERSON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which word provides freedom of private business to operate competitively for profit with very little government regulation.
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Free Enterprise
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Laissez-Faire
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Embargo Act
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Free Market
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Explanation:
Detailed explanation-1: -Free enterprise refers to business activities that are not regulated by the government but are defined by a set of legal rules such as property rights, contracts, and competitive bidding. The argument for free enterprise is based on the belief that government interference in business and the economy hampers growth.
Detailed explanation-2: -The freedom of private businesses to operate competitively for profit with minimal government regulation in economics is called free enterprise.
Detailed explanation-3: -Pillars of capitalism In free markets, also called laissez-faire economies, markets operate with little or no regulation.
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