1. Identify the role of the economy in a free enterprise economy.
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Contrary to what some believe, government plays an important role in a market economy. ... As we saw in our discussion of competitive markets, a free enterprise system is largely self-regulating. Therefore, government plays a limited, but important, role, allowing individuals to make most of the economic decisions
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Contrary to what some believe, government plays an important role in a market economy. ... As we saw in our discussion of competitive markets, a free enterprise system is largely self-regulating. Therefore, government plays a limited, but important, role, allowing individuals to make most of the economic decisions.
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