Responses
Consumers compete with each other to make the most profit.
Consumers compete with each other to make the most profit.
States will increase taxes on businesses to discourage them from making a profit.
States will increase taxes on businesses to discourage them from making a profit.
Businesses will produce goods to meet consumer demands when they can make a profit.
Businesses will produce goods to meet consumer demands when they can make a profit.
Foreign countries charge tariffs, or a tax, on imported goods to protect domestic industries.
1 answer
The statement that best explains how profits create interdependence in the free enterprise system is:
Businesses will produce goods to meet consumer demands when they can make a profit.
This statement highlights the relationship between consumers and businesses, illustrating how the pursuit of profit drives businesses to respond to consumer needs and preferences, creating a cycle of interdependence within the economy.
