Difference between revisions of "Free enterprise system"
Jump to navigation
Jump to search
(Added category and references) |
(undeadend) |
||
| Line 1: | Line 1: | ||
| − | An economic system characterized by private ownership of property and productive resources, the profit motive to stimulate production, competition to ensure efficiency, and the forces of supply and demand to direct the production and distribution of goods and services. | + | An [[economic]] system characterized by private ownership of property and productive resources, the profit motive to stimulate production, competition to ensure efficiency, and the forces of [[supply]] and [[demand]] to direct the production and distribution of [[goods]] and services. |
==Sources== | ==Sources== | ||