“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
increasing profit margins
increasing profit margins
ensuring global competition maintains consumer protection
ensuring global competition maintains consumer protection
limited government involvement in the economy
limited government involvement in the economy
effects of supply and demand on price stability
effects of supply and demand on price stability
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1 answer
The element of the free enterprise system that is most closely associated with Governor Abbott's statement is:
limited government involvement in the economy
Governor Abbott emphasizes the lack of state income tax, cutting regulations, and fostering a business-friendly environment, which aligns with the idea of limited government intervention in economic activities.
