Which of the following concepts associated with private enterprise is most in conflict with a government imposing a minimum wage?

Question

(1 point)
Minimum wage most conflicts with the concept of profit in a private enterprise system.
Minimum wage is most in conflict with the belief that incentives should not be used in a private enterprise system.

Minimum wage most conflicts with the idea that businesses and workers should be able to enter into voluntary agreements for employment.
Minimum wage most conflicts with the concept of private property in a private enterprise system.

Answer 1

Minimum wage most conflicts with the idea that businesses and workers should be able to enter into voluntary agreements for employment.

In a private enterprise system, the notion is that employers and employees should have the freedom to negotiate wages and other employment terms without government interference. A minimum wage law restricts this freedom by setting a wage floor that both parties must adhere to, which can disrupt the voluntary nature of their agreements.