Which statements describe a free enterprise system? Check all that apply. Citizens can own property. The gover

Question

Which statements describe a free enterprise system? Check all that apply.

Citizens can own property.
The government employs all workers.
Supply and demand drives production.
Consumers and producers make their own decisions.
Citizens can accumulate wealth.
The government sets prices and wages.

GPT-5 mini · Answer

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

Explanation: A free enterprise (market) system features private property, voluntary exchanges where supply and demand determine production and prices, and individual decision‑making that allows wealth accumulation. Government employment of all workers and government‑set prices/wages are characteristics of command or centrally planned economies, not free enterprise.

Which statements describe a free enterprise system? Check all that apply.

Citizens can own property.
The government employs all workers.
Supply and demand drives production.
Consumers and producers make their own decisions.
Citizens can accumulate wealth.
The government sets prices and wages.

All Answers 1

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Which statements describe a free enterprise system? Check all that apply. Citizens can own property. The government employs all workers. Supply and demand drives production. Consumers and producers make their own decisions. Citizens can accumulate wealth. The government sets prices and wages.

All Answers 1

Submit Your Answer

Which statements describe a free enterprise system? Check all that apply.

Citizens can own property.
The government employs all workers.
Supply and demand drives production.
Consumers and producers make their own decisions.
Citizens can accumulate wealth.
The government sets prices and wages.