THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Making goods cheaper to increase sales and profits
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Making goods more expensive to decrease sales and profits
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Making better goods by having the government oversee companies
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Having labor unions helping out workers
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Detailed explanation-1: -Free enterprise examples include a private restaurant chain run without government interference or a person starting an online business. Its characteristics include market competition, private property, specialization, voluntary exchange, a price system, and entrepreneurship.
Detailed explanation-2: -Free enterprise which is also known as a free market economy refers to business activities that are not regulated by the government. There are several free enterprise benefits such as increased freedom, consumer rights, market efficiency, financial security and stability, and economic opportunities.
Detailed explanation-3: -capitalism, also called free market economy or free enterprise economy, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately owned and production is guided and income distributed largely through the operation of markets.