Freedom of enterprise is a characteristic that is common to most economic systems. in a market system means that entrepreneurs can obtain and use economic resources without any legal restraint. allows businesses, within broad limits, to choose what goods to produce. refers primarily to the right of consumers to purchase what they want.

Freedom of enterprise is a characteristic that is common to most economic systems. in a market system means that entrepreneurs can obtain and use economic resources without any legal restraint. allows businesses, within broad limits, to choose what goods to produce. refers primarily to the right of consumers to purchase what they want.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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