Which ideas or situations are consistent with the concept of free enterprise? Check all that apply. 1. Consumers overwhelmingly prefer one sandwich shop to another. 2. Local officials decide how much gasoline consumers can buy. 3. A hair stylist decides to reduce prices on his services. 4. A worker at a factory decides to take another job for higher pay. 5. A government takes control of a nation's restaurant industry. 6. A business owner decides to offer a new product for sale
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Free enterprise, also known as capitalism or the free market, is an economic system where private individuals and businesses have the freedom to operate for profit in a competitive system without undue interference from the government. Key features include the Show more…
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