Private Enterprise System Check for Understanding

Front

The private enterprise system discourages businesses from succeeding by promoting competition.

Back

False

Front

Which of the following is true about the United States’ economic system?
Options:
Requires the government to make economic decisions for individuals
Supports the doctrine of laissez-faire to a certain degree
Utilizes only a single economic system
Restricts products from being sold internationally

Back

Supports the doctrine of laissez-faire to a certain degree

Front

Fill in the blanks: The private enterprise system is the __________ of a private business to operate competitively for __________ without excessive __________ controls. It promotes __________ and individual choice.

Back

freedom, profit, government, free will