Question

understanding free enterprise
introduction sort the tiles to show the positive aspects and limits of free enterprise
better quality
possible benefits
possible limitations
demand for consumer knowledge
freedom of choice
lower prices
lack of fair competition
potential for higher prices

Explanation:

To determine possible benefits and limitations of free enterprise:

• Possible Benefits: These are positive outcomes. "Better quality" (competition drives quality), "freedom of choice" (consumers choose), "lower prices" (competition reduces costs) align with free enterprise advantages.
• Possible Limitations: These are drawbacks. "Need for consumer knowledge" (consumers must be informed to choose), "lack of fair competition" (monopolies/oligopolies may form), "potential for higher prices" (without competition, prices rise) reflect free enterprise challenges.

Answer:

Possible Benefits:

• better quality
• freedom of choice
• lower prices

Possible Limitations:

• need for consumer knowledge
• lack of fair competition
• potential for higher prices