Question

study the bulleted list and answer the question that follows:

>Limited government interference in business
>prices determined my supply and demand
>private owners received the profit

Which type of economy is best described in these characteristics?

(1 point)
Responses

Subsistence farming
Subsistence farming

Free enterprise
Free enterprise

Mercantilism
Mercantilism

Socialism

Answer 1

The characteristics described in the bulleted list best align with a **Free Enterprise** economy.