From the options provided in the question, the role that government play in a free enterprise system includes protects the consumer and limit government spending.
In a free enterprise system, there is no government interference as all the economic decisions falls to the hands of the market. In free enterprise system, government role is very limited as to market competition and regulations to protect the consumer.
A free enterprise is also known as free market or capitalism. It has to do with all voluntary business activities in a particular economic. Free enterprise is mainly an ideology or legal system by which market activities are regulated by private measures and not through government regulations.
In a free enterprise market, an individual is allowed to spend his money the way he so desires, in this type of market, there are competitions among different companies to provide the service that you wants. These often result to low prices and better quality product.
Some of the characteristics of a free enterprise system include
- In free enterprise market, an individual is free to pursue the type of works he likes or enjoy.
- Consumer spending drives the product and services that company offers not the government
- Free enterprise market allow individual to buy land, buildings that you have interest in with few or no restrictions.
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- capitalism
- government regulations
- enterprise system
