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.

Question

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Roberto's position aligns with the principles of laissez-faire capitalism, which advocates for minimal government intervention in the economy and emphasizes individual property rights and free market competition. Capitalism and free enterprise also endorse similar ideas but do not necessarily oppose government regulation or intervention in the economy, while responsible enterprise and stakeholder capitalism prioritize social and environmental concerns alongside economic considerations.

The Discussion of the Business Enterprise System in the Business