Want this question answered?
Business is part of economy, forming business sectors (S11-S13 in UN National system of accounts)
There is no one key role; a functional free enterprise economy depends on business owners, workers and consumers having equal power, and on government regulation.
The difference between free enterprise and market economy is that in a market economy, thr govevernment has little effect on what you do with your company, and in a free enterprise economy, the government has more control over wat goes on with the company. If you. Are over the age of 12 and you asked this, you need some help because I am 11 and I wrote this.
In an economy based on free enterprise people are free to start their own businesses.
The business cycle under free enterprise is a recurring cycle of booms and busts, recoveries and recessions, as various areas of the economy either grow or wither.
Business is part of economy, forming business sectors (S11-S13 in UN National system of accounts)
There is no one key role; a functional free enterprise economy depends on business owners, workers and consumers having equal power, and on government regulation.
Yes, the US has a free enterprise economy.
The difference between free enterprise and market economy is that in a market economy, thr govevernment has little effect on what you do with your company, and in a free enterprise economy, the government has more control over wat goes on with the company. If you. Are over the age of 12 and you asked this, you need some help because I am 11 and I wrote this.
It hasn't modified it at all. You want to start a business you can, or invent something new you can, and create a new concept you can. All of this is free enterprise.
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.
A small business or cottage industry may be defined as an enterprise or series of operations carried on by a skilled workman in the craft on his responsibility. It helps the economy in promoting balanced development of industries across all the regions of the economy.
The economy is a free enterprise market economy.
In an economy based on free enterprise people are free to start their own businesses.
The economy of Philippines is based on free enterprise.
A modified private enterprise economy is based on capitalism but has some government interference to prevent monopolies. Example is the economy of the U.S
The business cycle under free enterprise is a recurring cycle of booms and busts, recoveries and recessions, as various areas of the economy either grow or wither.