Which of the following describes a for-profit system established,owned,and operated by individuals?
A)The private enterprise system
B)A social democracy
C)A monopoly
D)State ownership

Question

Quizplus · Accepted Answer

The private enterprise system is characterized by businesses that are established, owned, and operated by individuals for profit, distinguishing it from systems like social democracy, monopolies, or state ownership where the government may play a more significant role.

Which of the Following Describes a For-Profit System Established,owned,and Operated