Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 12 what drives the production and distribution of goods and se…

Question

question 12 what drives the production and distribution of goods and services in a free enterprise system? a customary skills and strategies that have worked for generations b socialism, communism, and government planners c the profit motive, economic competition, and supply and demand d monarchy, theocracy, and parliamentary democracy

Explanation:

Brief Explanations

In a free - enterprise system, businesses aim to make a profit (profit motive). Competition among businesses and the forces of supply and demand also play crucial roles in determining what is produced and distributed. Customary skills (A) are more relevant in traditional economies. Socialism and communism (B) involve more government control, not free - enterprise. Forms of government like monarchy, theocracy, and parliamentary democracy (D) are not what drive production and distribution in a free - enterprise system.

Answer:

C. the profit motive, economic competition, and supply and demand