Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

what kind of economy uses a free - enterprise system? a closed economy …

Question

what kind of economy uses a free - enterprise system?
a closed economy
a command economy
a market economy
a traditional economy

Explanation:

Brief Explanations

A free-enterprise system emphasizes private ownership, competition, and minimal government intervention, which is the core characteristic of a market economy. Closed economies focus on isolation from global trade, command economies are controlled by central authorities, and traditional economies rely on customs and heritage.

Answer:

C. a market economy