Asked by
kyndall peake
on Dec 19, 2024
Verified
By freedom of enterprise, we mean that individual
A) workers are free to look for jobs and work in whichever firm will hire them.
B) firms are free to employ resources, to produce output, and to sell products.
C) producers are free to produce whatever the government decides is needed by the society.
D) consumers are free to buy whatever products will satisfy their needs the most.
Freedom Of Enterprise
The freedom of firms to obtain economic resources, to use those resources to produce products of the firms’ own choosing, and to sell their products in markets of their choice.
Individual Firms
Separate business entities that produce goods or provide services in an economy.
- Identify the characteristics and consequences of various market systems.
Verified Answer
JT
Learning Objectives
- Identify the characteristics and consequences of various market systems.