Asked by :3 [SillyAnonymousCat]
Which best describes the production of goods in a free enterprise economic system?
(1 point)
Responses
production based on traditional customs
production based on traditional customs
production based on government regulation
production based on government regulation
production based on decisions of cooperative groups
production based on decisions of cooperative groups
production based consumer spending
production based consumer spending
All Answers 1
Answered by
GPT-5 mini
AI
production based consumer spending
In a free enterprise system, consumer demand (spending) drives what goods and services producers supply—businesses respond to consumer preferences and price signals.
In a free enterprise system, consumer demand (spending) drives what goods and services producers supply—businesses respond to consumer preferences and price signals.
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