Which Describes An Example Of The Economic System Known As Free Enterprise?

7253 users searched for this homework answer last month and 6 are doing it now, let’s get your homework done.

This Top Homework Answer is College level and belongs to the Advanced placement (ap) subject.

This answer got 111 “Big Thanks” from other students from places like Burkittsville or Bethesda.


Which describes an example of the economic system known as free enterprise? People are free to shop around for products, but manufacturers dictate what is available. People are free to shop for the best price on products because there is open competition. Government oversight of business gives people freedom to shop for the best deals. Government regulations ensure that everyone has the freedom to shop for the best deals.


Answer;People are free to shop for the best price on products because there is open competition.Explanation;-Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government.-Things that are free are unconstrained, and a business is an enterprise. So, free enterprise refers to an economy where businesses are free from government control. In a free enterprise, prices go up and down because of supply and demand.- If there’s high demand, prices go up. If there’s low demand, prices go down. Free enterprise is when private companies compete for profit without government interference.

Students are also searching for

  • a comedy of manners is a type of dramatic comedy that the rules and behaviors of a society.
  • which sentence best describes the effect of the delegates’ actions on european geopolitics?
  • what should be added when an adverb begins a sentence?

If you have more homework to do you can use the search bar to find the answer to other homework: 250 have done it today and 29 in the last hour.

Help your mates do their homework and share Top Homework Answers with them, it’s completely free and easy to use!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.