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24 February, 00:54

A free enterprise system refers to: a. Economic assets that are privately owned and exchanged in an open market. b. Property ownership by a centralized government. c. A mix of privately owned and government controlled economic assets. d. An index of economic freedom.

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  1. 24 February, 01:12
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    a. Economic assets that are privately owned and exchanged in an open market.

    Explanation:

    A free enterprise is an economy where where economic factors like price, product, and services are determined by market forces and not by the government.

    It is also called capitalism, economic assets are privately owned and competition is the yardstick for market success.

    The opposite of this is communism where economic factors are controlled by the government.
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