Free enterprise is a basic feature of ____________ economy. Fill in the blank.
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it is Indian economy
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TANISH
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TANISH
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Capitalist.
A free enterprise is an economic model in which the government imposes minimal restrictions on ownership or business activities for citizens to participate.
This type of an economy is also sometimes called as a Capitalism or free market.
In this type of system, a citizen are allowed to spend his money as he wants and whichever way he prefers.
There will also be many different organisations competing for with each other for a business.
This can perhaps lead to better product quality and minimal prices.
People are also free to take up any type of work or job that one enjoys doing.
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