“Businesses and families are moving to Texas because we provide an environment that allows people to succeed on their own terms. Texas offers a brand of freedom unlike any other state in America—we have no state income tax, we've cut…regulations, and we continue to invest in our young, diverse, and ever-growing workforce. We are committed to cultivating this thriving economic climate in the years to come to ensure that all Texans have the ability to achieve their dreams.”
—Texas governor Greg Abbott (March 2022)
Which element of the free enterprise system is most closely associated with Governor Abbott’s statement?
(1 point)
Responses
effects of supply and demand on price stability
effects of supply and demand on price stability
increasing profit margins
increasing profit margins
ensuring global competition maintains consumer protection
ensuring global competition maintains consumer protection
limited government involvement in the economy
1 answer
The element of the free enterprise system most closely associated with Governor Abbott’s statement is:
limited government involvement in the economy.
This is indicated by references to no state income tax, cutting regulations, and promoting an environment that allows people to succeed on their own terms, which aligns with the principles of limited government intervention.
