Chapter 17 section1 quiz

What is the meaning of enterprises?

• A system in which business owners may operate with little government interference.

• An economic system in which productive resources are owned by private citizen.

What is the meaning of Capitalism?

• When one company sells a product without competition from others.

• za

T/F most countries that have market economies have banned companies?

• True

• False

what can a company do if it holds a monopoly?

• pay taxes.

• you can eat whatever you want.

• can set any prices to what they want.

What does the free enterprise system offers to businesspeople

• Huge profits

• Food

• Clothes

Why does the Federal Government sometimes intervene in business?

• to help them sleep

• to help them shower

• to help them control prices

• to help them wake up