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12 May, 12:25

What are aspects of a free-enterprise system?

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  1. 12 May, 14:41
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    A free enterprise system is based on four key tenets which are private property rights, profit motive, equal individual rights and unrestricted competition. Property rights assure individuals that their property will not be confiscated by the state. The profit motive leads to competition which results in increased productivity
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