WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The freedom to run a business for profit with minimal regulation is called ____
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Corporation
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Laissez-faire
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Entrepreneurship
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Free enterprise
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Explanation:
Detailed explanation-1: -1. an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
Detailed explanation-2: -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.
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