Question

Which situation best reflects the concept of free enterprise?

Consumers have a choice between two bakeries in a single city block.
An agency determines which supplements are safe for people to buy.
Local officials set the prices for all the gas stations in a community.
The government decides the minimum wage for all airline workers.

Answer 1

Answer:

Free enterprise is the competition between businesses. So consumers have a choice between bakeries in a single city block.

Explanation:

Answer 2

An example of free enterprise is a Consumers having a choice between two bakeries in a single city block.

What is Free enterprise?

Free enterprise serves as the term that explains freedom in doing different business.

Therefore, with free enterprises, there is free regulations and individuals can produce want they want and engage in business of interest.

Learn more about Free enterprise at;

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