Asked by Alto saxaphone

Question
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 on consumer spending. In a free-enterprise (market) system, consumer demand guides what and how much producers make.