Which of the following is one of the elements required in private enterprise?
A) adequate representation in the government
B) freedom from foreign competition
C) the right to market leadership
D) freedom of choice

Question

Quizplus · Accepted Answer

Freedom of choice is one of the fundamental elements required in private enterprise as it allows individuals to make their own decisions about what goods and services they want to produce or consume, without government intervention or restrictions. This freedom enables competition, innovation, and diversity in the market, which ultimately benefits consumers and society as a whole. Adequate representation in the government, freedom from foreign competition, and the right to market leadership may be desirable outcomes of private enterprise, but they are not essential elements.

Which of the Following Is One of the Elements Required