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In Social Studies / High School | 2014-10-28

A system where individuals are free to create and run their own businesses is sometimes referred to as

A. a monopoly.
B. a free enterprise system.
C. a socialist system.
D. a communist system.

Asked by LydaFingleton

Answer (2)

A system where individuals are free to create and run their own businesses is sometimes referred to B. a free enterprise system

Answered by Alex19 | 2024-06-10

The correct answer is B. a free enterprise system, which allows individuals the freedom to create and operate their own businesses. This system is characterized by private ownership, economic freedom, competition, and consumer choice. Unlike socialism and communism, it emphasizes minimal government interference in business.
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Answered by Anonymous | 2024-11-15

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