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What are the four factors that make up the free enterprise system?

Anonymous

∙ 16y ago

Updated: 8/22/2023

# Private ownership # individual initiative, # profit # competition

Wiki User

∙ 16y ago

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Q: What are the four factors that make up the free enterprise system?

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Because of the system of free enterprise citizens enjoy many advantages Is this true or false?

It is true that because of the system of free enterprises, citizens enjoy many advantages. Free enterprise is also known as capitalism. It is an economic system where the individuals in the economy have the freedom to create business with little government intervention.

Members of the liberty league charged that the roosevelt administration had?

undermined the free enterprise system

What did Adam smith predict would be the effects of a free enterprise?

As Smith had predicted,the countries with free enterprise systems grew rich and powerful.

Do tariffs promote of hurt free enterprise?

It depends on what free enterprise you are looking at. Tariffs generally promote free enterprise within the nation, while hurting foreign companies. The modern free market is a global network of interconnecting business interests so modern tariff use hurts free enterprise as we now understand it. In the past, economies were much more localized, so high tariffs did not have as great an effect on the free enterprise of other countries and people didn't care whether or not that happened anyway.

What role does government play in the free enterprise system?

Enforcing legal regulations to keep employees safe Yw

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