Freedom of enterprise: A. in a market system means that entrepreneurs can obtain

Question

Freedom of enterprise:

A. in a market system means that entrepreneurs can obtain and use economic resources without any legal restraint.

B. refers primarily to the right of consumers to purchase what they want.

C. is a characteristic that is common to most economic systems.

D. allows businesses, within broad limits, to choose what goods to produce.

A. in a market system means that entrepreneurs can obtain and use economic resources without any legal restraint.

B. refers primarily to the right of consumers to purchase what they want.

C. is a characteristic that is common to most economic systems.

D. allows businesses, within broad limits, to choose what goods to produce.

Explanation / Answer

ANSWER:

The correct answer is option d as freedom of enterprise means that one is free to own and control the factors of production and option d defines the definition of freedom of enterprise.

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