Asked by
Catherine Gottschalk
on Nov 03, 2024
Verified
Capitalism also is referred to as a private enterprise system.
Capitalism
Economic system that rewards companies for their ability to perceive and serve the needs and demands of consumers; also called the private enterprise system.
Private Enterprise System
An economic system where private individuals or businesses own capital goods and have the freedom to operate for profit with minimal government intervention.
- Comprehend the function and influence of private business and governmental involvement in the economic landscape.
Verified Answer
HG
Learning Objectives
- Comprehend the function and influence of private business and governmental involvement in the economic landscape.
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