explain freedom of enterprise as one of the main characteristics of a capitalist economy
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Freedom of enterprise :
Under this system in capitalism, every individual has the right to make their own economic decisions without any interference. This is applicable to both consumers and producers. Profit Motive: The motive of earning profit is one of the most important drivers of a capitalist economy.
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Answer:
Freedom of enterprise : Under this system in capitalism, every individual has the right to make their own economic decisions without any interference. This is applicable to both consumers and producers. Profit Motive: The motive of earning profit is one of the most important drivers of a capitalist economy.
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