an economic system in which businesses operate and compete with no control from government at all
an economic system in which businesses operate and compete with government control
an economic system in which businesses operate and compete based on traditions and customs
an economic system in which businesses operate and compete with little government regulation
1 answer
The correct definition of a free enterprise system is:
an economic system in which businesses operate and compete with little government regulation.
In a free enterprise system, individuals and businesses have the freedom to operate and compete in the market with minimal intervention from the government, allowing for the forces of supply and demand to guide economic activity.
