The freedom of individuals to start and operate private business in search of profits is known as
A) laissez-faire.
B) free enterprise.
C) centralized decision making.
D) consumer sovereignty.
Correct Answer:
Verified
Q204: A laissez-faire economy is one in which
Q205: The amount that _ have accumulated out
Q206: Combined, local, state, and federal governments in
Q207: A command economy eliminates markets.
Q208: All markets involve buyers and sellers engaging
Q210: The market system works by getting each
Q211: The notion that buyers determine what will
Q212: Some economists advocate government intervention in a
Q213: No market economies exist without government involvement
Q214: A command economy is one in which
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