How would you describe the free enterprise economy that was protected by the Constitution? What were its most important principles and why did it take so long to develop a free enterprise economy for the nation as a whole?
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A: People take the risks involved with entrepreneurship because it return a huge profit. If an…
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Q: Describe four characteristics of the Free enterprise System
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A: Economic system is defined as the system under which the economic activities of production,…
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A: Capitalism is an economic and political system in which the ownership of the private enterprise is…
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A: Factors within economic environment that affect business are as follows 1.Market conditions It…
Q: QUESTION 40 Which of the following is NOT a characteristic of a capitalist economy?…
A: Capitalist is often conceived of as an economic system in which individual actors own and manage…
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A: Capitalistic system refers to the economic system where the factors of productions are owned by the…
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A: Capitalism is an economic and political system in which a country's trade and industry are…
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Q: ________ is a fundamental aspect of economic system in which individuals, rather than the state,…
A: Economic freedom or liberty is a fundamental aspect of an economic system in which individuals,…
Q: Discuss the basic principles of a Mixed economy. Describe what a Market Economy and Planned Economy…
A: In a planned economy, there exists a national institution that defines or plans the way the economy…
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Q: Select and examine any two economic systems that you think affect businesses most in South Africa.…
A: Select and examine any two economic systems that you think affect businesses most in South Africa.…
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Q: capitalism
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Q: Identify the three main types of economic activities. Then tell one way that all three are similar…
A: Identify the three main types of economic activities:- Primary sector activities:- All activities…
Q: Explain why Max Weber has a strong belief that the strong protestant work ethic is the key to the…
A: Max Weber, a German sociologist and economist, believed that the Protestant work ethic played a…
Q: Property rights are a crucial part of a functioning market economy and economic growth. Consider the…
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