Question

Which statements describe a free enterprise system? Choose four correct answers.
Responses

Consumers and producers make their own decisions.
Consumers and producers make their own decisions.

Citizens can accumulate wealth.
Citizens can accumulate wealth.

The government employs all workers.
The government employs all workers.

The government sets prices and wages.
The government sets prices and wages.

Citizens can own property.
Citizens can own property.

Supply and demand drives production.

Answer 1

Correct choices (four):

- Consumers and producers make their own decisions.
- Citizens can accumulate wealth.
- Citizens can own property.
- Supply and demand drives production.

These reflect private property, individual decision-making, profit motive, and market-determined prices characteristic of a free enterprise (market) system.