The private enterprise system guarantees a profit for each business firm if it provides the right goods and services to consumers.

Question

Quizplus · Accepted Answer

The private enterprise system does not guarantee a profit for each business firm. Profit is only earned if the goods and services provided are in demand and successfully sold to consumers. It is a competitive market where businesses must work hard to attract and retain customers in order to earn a profit.

The Private Enterprise System Guarantees a Profit for Each Business