Question
Study the bulleted list and answer the question that follows:
• Limited government interference in business
• Prices determined by supply and demand
• Private owners receive the profits
Which type of economy is best described in these characteristics?
(1 point)
Subsistence farming
Free enterprise
Mercantilism
Socialism
• Limited government interference in business
• Prices determined by supply and demand
• Private owners receive the profits
Which type of economy is best described in these characteristics?
(1 point)
Subsistence farming
Free enterprise
Mercantilism
Socialism
Answers
GPT-4o mini
The characteristics described best fit a **Free enterprise** economy. This type of economy emphasizes limited government interference in business, prices determined by supply and demand, and private ownership of profits.