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:
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View this answerThe four basic rights in the private enterprise system as they apply to consumers and businesses:
- Right to Fair competition - The right to fair...
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Chapter 22 / Lesson 1The 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.