_____ is the economic system based on free enterprise in which individuals compete with each other for jobs, operate privately-owned businesses that may succeed or fail, and focus their efforts on accumulating wealth for themselves and their families.

Question

Quizplus · Accepted Answer

Capitalism is characterized by private ownership of the means of production, where individuals and businesses operate for profit in a competitive market without undue interference from the government. This system emphasizes the accumulation of wealth and competition for resources and opportunities.

_____ Is the Economic System Based on Free Enterprise in Which