Ask Question
BusinessBusiness
11 May, 13:10

Which of the following is the guiding economic philosophy of the free enterprise system? socialism communism marxism capitalism

+1
Answers (2)
  1. 11 May, 13:18
    0
    I believe the answer is: Capitalism

    In capitalism, the economy is designed in a way to give as much freedom as it can to the private sectors in term of resource allocation and market competition. In this system, the government's role limited to maintaining regulation that prevent private organizations from cheating off one another.
  2. 11 May, 13:39
    0
    I think the correct answer from the choices listed above is the last option. Capitalism is the guiding economic philosophy of the free enterprise system. It is based on private property and free enterprise. Hope this answers the question. Have a nice day.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is the guiding economic philosophy of the free enterprise system? socialism communism marxism capitalism ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The relationship between pepe's pizzeria and its customers functions at which level of the relationship marketing continuum?
Answers (2)
What is an advantage of government bonds A. They have a high interest rate. B. They are difficult to find. C. They are relatively risk-free. D. All of the above
Answers (2)
The Burgers 4 Upper U Restaurant Group supplies its franchise restaurants with many pre-manufactured ingredients (such as bags of frozen French fries), while other ingredients (such as lettuce and tomatoes) are sourced locally.
Answers (1)
Pastry Paradise is looking to expand. It decides to take over Sweet Tooth, a competitive firm. The two firms have similar technology but different costs. Pastry Paradise has $1500 fixed costs and $1 marginal cost per unit produced.
Answers (2)
Regarding the trade-off theory, a firm would reach its optimal capital structure if: a. the tax savings from additional leverage are offset by the increased costs of distress. b.
Answers (2)
New Questions in Business
Which phrase defines complementary goods
Answers (1)
If a company's current assets increase, what might we assume about their inventory levels? a) It increasedb) It decreasedc) It stayed the samed) We don't have enough information to decide
Answers (1)
What is the effect of import restrictions on prices? a. they cause prices to drop. b. they cause prices to rise. c. they often cause prices to rise steeply and then drop. d. they usually do not have any lasting effect on price?
Answers (1)
Joan is a manufacturing engineer who works on a new product development team along with members from design, engineering, production, purchasing, finance, marketing, and quality assurance.
Answers (2)
Which are costs subtracted from in calculating profit? revenue wages overhead debt
Answers (1)
Home » Business » Which of the following is the guiding economic philosophy of the free enterprise system? socialism communism marxism capitalism
Sign Up Forgot Password?