The discussion of the business enterprise system in the Business and Society class today became interesting when Roberto took the position 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 and the government has only the most minimal,strictly limited role.
A)stakeholder capitalism
B)laissez-faire capitalism
C)free enterprise
D)responsible enterprise
E)capitalism

Question

Quizplus · Accepted Answer

The position taken by Roberto aligns with the principles of laissez-faire capitalism, which involves minimal government intervention in economic decision making and emphasizes the role of private individuals or enterprises owning and controlling the means of production. This model contrasts with stakeholder capitalism, which prioritizes balancing the interests of all stakeholders in economic decision making, and responsible enterprise, which focuses on ethical and sustainable business practices. Free enterprise and capitalism could be similar in principle, but they are not specific enough to fully reflect Roberto's position.

The Discussion of the Business Enterprise System in the Business