0
The idea that someone is able to get economic profit from it (not that economic profit is different to Normal profit). For example, someone is more motivated to clear land for a firm, start a company, create new product etc. if they are the ones making profit as opposed to the government. A free market economy displays self interest without this no one would be motivated to start anything and this will decrease economic growth. Hope this helps
Competition within industries motivates a market economy. With more options, consumers will spend money on the products they want, which will help the economy.
People who don't realize the game is fixed.
Innovation and innovators.
Add your answer:
Earn +20 pts
Which of the following is the primary incentive in a free-enterprise system?
innovation
Why do workers in a command economy have less incentive to be productive than wokers in a free enterprise system?
it means you should not pay people to work for you so you let them work for free
A sentence with free enterprise system?
The United States is a free enterprise system.
What would have the same meaning as capitalism or a market economy?
Free Enterprise System
What is the role of an entrepreneur in a free enterprise system?
It is a persOn who work For enterprise
Which of the following is the primary incentive in a free-enterprise system?
innovation
In a system of free enterprise is incentive a vital force?
yes
What did the free enterprise do for the colony?
It provided the incentive necessary for the production of sufficient crops.
Why do workers in a command economy have less incentive to be productive than workers in a free enterprise system?
it means you should not pay people to work for you so you let them work for free
Why do workers in a command economy have less incentive to be productive than wokers in a free enterprise system?
it means you should not pay people to work for you so you let them work for free
A sentence with free enterprise system?
The United States is a free enterprise system.
What is a free enterprise system mean?
The Free Enterprise System is based on the right of the individual to run a business for profit with a minimum of government control. The characteristics of a free enterprise system are freedom, competition, and private ownership.
What would have the same meaning as capitalism or a market economy?
Free Enterprise System
Does Mexico have a free enterprise socialist or communist?
It has a free enterprise or "capitalistic" economic system.
How did the colonist begin free enterprise system?
The free enterprise system was an economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market. This was dominant after mercantilism and it was fostered by the Reformation and rise of the Industrial Revolution.
What are the goals of free enterprise system?
So-called free enterprise is concerned with making profits.
What economic system does the U.S. use?
Free Enterprise It is not Capitalism A Free Enterprise System is when you have the right to run a business to make a profit with limited interference from the government.
