Which ideas or situations are consistent with the concept of free enterprise? Check all that apply.

1) Consumers overwhelmingly prefer one sandwich shop to another.

2) Local officials decide how much gasoline consumers can buy.

3) A hair stylist decides to reduce prices on his services.

4) A worker at a factory decides to take another job for higher pay.

5) A government takes control of a nation's restaurant industry.

6) A business owner decides to offer a new product for sale.

Question

Social Studies

Nora Goodwin

9 April, 14:03

Which ideas or situations are consistent with the concept of free enterprise? Check all that apply.

1) Consumers overwhelmingly prefer one sandwich shop to another.

2) Local officials decide how much gasoline consumers can buy.

3) A hair stylist decides to reduce prices on his services.

4) A worker at a factory decides to take another job for higher pay.

5) A government takes control of a nation's restaurant industry.

6) A business owner decides to offer a new product for sale.

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Answers (2)

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Kiersten Winters · Answer 1

Free enterprise, or the free market, mentions to the precipitate or composite of all unpaid business activities in an assumed economic part. Otherwise, free enterprise might state to an ideological in which commercial doings are chiefly controlled finished private events instead of by political means. So based on the data, it is 1,3,4, and 6.

Santos Barr · Answer 2

1,3,4, and 6 in edgeunity

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