QUESTION IMAGE
Question
what are aspects of a free - enterprise system? check all that apply. private ownership of property is severely restricted. the government has a lot of power and influence. there are few limits on the use of private property. consumers make all of their economic choices. producers make all of their economic choices.
Brief Explanations
A free-enterprise system (market economy) centers on limited government intervention, private property rights, and economic freedom for consumers and producers.
- Private ownership is not restricted; it is a core feature, so the first option is incorrect.
- Government power is limited, not extensive, so the second option is incorrect.
- Few limits on private property use align with the system's focus on property rights.
- Consumers exercise economic freedom to make their own choices (e.g., what to buy).
- Producers exercise economic freedom to make their own choices (e.g., what to produce, how to price goods).
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- There are few limits on the use of private property.
- Consumers make all of their economic choices.
- Producers make all of their economic choices.