The discussion of the business enterprise system in the Business and Society class today became heated when a debate broke out as to which capitalist system Canada should employ.Jamal 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 profit motivation,with limited government involvement, would create a competitive market system.Crystal agreed,but added that accountability to society by business was also important and therefore a ____________was better.
A)free enterprise; responsible enterprise
B)laissez-faire capitalism; stakeholder capitalism
C)laissez-faire capitalism; responsible enterprise
D)free enterprise; stakeholder capitalism
E)sustainable; stakeholder model

Question

Quizplus · Accepted Answer

Free enterprise is a capitalist system in which economic decision making is left to those individuals or enterprises who own the means of production. A profit motivation, with limited government involvement, would create a competitive market system. Responsible enterprise is a capitalist system that emphasizes accountability to society by business.

The Discussion of the Business Enterprise System in the Business