Economy, asked by mrizwanishaq, 8 months ago

HI, MY QUESTION IS:


Private ownership, quality and quantity, and unlimited product choices are all advantages of free enterprise economy?
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Answers

Answered by nidaeamann
0

Explanation:

A free enterprise economy is an economic system where there are less government limitations on business practices. In free enterprise, the business has more independence than simply following the government rules, and this business is more dependent on the market and its trending. Like the owner will look into what’s more popular in market, then decide the products and the prices.

Hence as per question statement Private ownership, quality and quantity, and unlimited product choices are all advantages of free enterprise economy

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