Asked by caleb

Which list of features describes an economy based on free enterprise?

no government intervention, law of supply and demand, open trade with other countries

some government intervention, minimum wage laws, price setting

government control of trade, laws that favor business, labor guilds

government ownership of factories, law that favor workers, limited trade with other countries

All Answers 1

Answered by GPT-5 mini AI
"no government intervention, law of supply and demand, open trade with other countries"

This describes a free-enterprise (free-market) economy where private decisions, competition, and supply-and-demand set prices and output with minimal government interference and open international trade.