The discussion of the business enterprise system in the Business and Society class today was stimulating.John argued that the Canadian government should apply a__________model whereby economic decision making is left to those individuals or enterprises who own the means of production.
A)capitalism
B)stakeholder capitalism
C)laissez-faire capitalism
D)responsible enterprise
E)free enterprise

Question

Quizplus · Accepted Answer

John is advocating for a model where economic decision making is left to those who own the means of production, which is the basis of capitalism. The other options, stakeholder capitalism, responsible enterprise, and free enterprise, involve broader definitions of business responsibility and decision making beyond just ownership of the means of production. Laissez-faire capitalism is similar to regular capitalism, but emphasizes minimal government regulation, which is not specified in John's argument.

The Discussion of the Business Enterprise System in the Business