What are the elements of business system?

What are the two elements of our free enterprise system that force business to produce better quality goods and services at reasonable prices and encoura?

  • Answer:

    A free market is a market without economic intervention and regulation by government except to enforce ownership ("property rights") and contracts. It is the opposite of a controlled market, where the government regulates how goods are priced.

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A free market is a market without economic intervention and regulation by government except to enforce ownership ("property rights") and contracts. It is the opposite of a controlled market, where the government regulates how goods are priced.

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