Copyright

List the four basic rights in the private enterprise system. Explain.

Question:

List the four basic rights in the private enterprise system.

Explain.

Private Enterprise System

Private enterprise system is a system operating in a capitalistic structure. In a free market, individuals have the freedom to partake in entrepreneurial ventures. A benefit of private enterprise system is an extensive pool of choices.

Answer and Explanation:

Become a Study.com member to unlock this answer!

View this answer

The four basic rights in the private enterprise system as they apply to consumers and businesses:

  • Right to Fair competition - The right to fair...

See full answer below.


Learn more about this topic:

Loading...
Development of the U.S. Free Enterprise System

from

Chapter 22 / Lesson 1
22K

The United States free enterprise system is an economic system where production is privately owned, not managed by the government. Explore the historical roots of this system and the key developments that have improved upon it since its pre-industrial inception.


Related to this Question

Explore our homework questions and answers library