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9 July, 16:01

What are five basic principles found in a free enterprise system?

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  1. 9 July, 16:02
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    Here are the five basic principles found in a free enterprise system:

    1) Governments have no control over the buying & selling of products & services. 2) The "invisible hand" of market supply and demand occurs 3) Governments may only be involved with to provide education, the army, and public health services (and other merit goods) 4) Governments may only provide public goods (such as lampposts) which bring no profit for sales people, as you cannot stop people from using those items. 5) Usually, there's a great difference in the distribution of wealth
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