SETTLING NORTH AMERICA 1497 1732
THE SOUTHERN COLONIES SETTLEMENT AND GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An economic system where people can start a business they think will succeed.
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free market economy
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free enterprise
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legislature
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None of the above
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Explanation:
Detailed explanation-1: -Capitalism is an economic system in which goods are produced by private individuals or businesses in a profit-based manner.
Detailed explanation-2: -Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government. It’s capitalism, not communism.
Detailed explanation-3: -The United States, generally speaking, is a good example of a free-market economy. Individuals are allowed to start businesses, buy and sell goods at prices set by the market, and sell their own labor with relatively few regulations or barriers to economic activity.
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