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What are the four factors of production in the private enterprise system?
Land, labor, capital, enterprise
What type of system is free enterprise system?
Individuals are free to won and control the factors of production
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
What is a private enterprise system enterprise system?
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
Economic system in which individuals control the factors and means of production is called?
Free Enterprise
Identify factors in the US that made it ideal for the free enterprise system?
idnetify factors in the united states that made it ideal for the free enterprise system
What are the four factors of production in the private enterprise system?
Land, labor, capital, enterprise
What are the four factors underlying the free enterprise system?
There are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.
What type of system is free enterprise system?
Individuals are free to won and control the factors of production
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
What are four factors of free enterprise system?
private ownership, individual initiative, profit, and competition
What are the four factors that make up the free enterprise system?
# Private ownership # individual initiative, # profit # competition
What is a private enterprise system enterprise system?
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
Economic system in which individuals control the factors and means of production is called?
Free Enterprise
A sentence with free enterprise system?
The United States is a free enterprise system.
What is an enterprise resource planning system?
An enterprise resource planning system is every information system in an organization. The enterprise resource planning system consists of the accounting system, human resource system and the information system an organization has.
What is an enterprise system and how are they used to change organizations?
An enterprise system helps to improve the economy of an organization.
