Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 15 what drives the production and distribution of goods and se…

Question

question 15 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
  • Option A: Customary skills/strategies of generations are more related to traditional or customary economies, not free enterprise.
  • Option B: Socialism, communism, and government planners are associated with command economies, not free enterprise.
  • Option C: In a free enterprise (market) system, the profit motive drives businesses, economic competition encourages efficiency, and supply and demand determine production and distribution.
  • Option D: Monarchy, theocracy, and parliamentary democracy are political systems, not drivers of economic production/distribution in a free enterprise system.

Answer:

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