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.

Question

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John argued for a model where economic decision making is left to those who own the means of production, which is essentially the definition of capitalism. The other options do not fit this description as well. B) Free enterprise is similar to capitalism but emphasizes the freedom of individuals to start and operate their own businesses, while C) Laissez-faire capitalism is a more extreme version of capitalism where the government does not intervene at all in the economy. D) Responsible enterprise and E) Stakeholder capitalism both emphasize a company's social and environmental responsibilities, which is not what John is advocating for.

The Discussion of the Business Enterprise System in the Business