Choose which of the following describes a free enterprise system?

a. there are no legal restrictions on freedom of enterprise

b. individuals are free to own and control the factors of production

c. government owns and controls the factors of production

d. businesses cannot make a profit

Out of all given choices, "Individuals are free to own and control the factors of production" describes a free enterprise system.

Option B

Explanation:

Free enterprise is an alternate name for capitalism i.e., a market where the prices of products and services made determined by market forces. In this market companies and the market forces are not controlled by the government.

Here, the main aim is profit and participants are free to start a business as they can also determine the prices, demand and supply in the market. Although this is not exactly capitalism, this is more of laissez faire' capitalism.

answer; i believe that the correct answer is (decreased)

i'm not sure what you are asking, but it also served as a debtors colony, was ran by the trustees for 20 years until becoming a royal colony, and people had restrictions such as no slaves, and only 50 acres of land per person/ hope this !

- jack watson