Asked by Aznur Sazlin on Jul 06, 2024
Verified
In the private enterprise system,government has no role to play in ensuring fair competition.
Private Enterprise System
A private enterprise system is an economic system where private individuals or businesses own and operate the means of production and distribution of goods and services.
Fair Competition
refers to a marketplace where businesses operate under rules that prevent monopolies and ensure equal opportunities for all participants.
- Understand the role and impact of government in the private enterprise system.
Verified Answer
M&
Michael & Angelica NoziskaJul 10, 2024
Final Answer :
False
Explanation :
In a private enterprise system, the government plays a crucial role in regulating industries, enforcing antitrust laws, and ensuring fair competition among businesses to protect consumers and prevent monopolies.
Learning Objectives
- Understand the role and impact of government in the private enterprise system.
Related questions
Because a Monopoly Market Lacks the Benefits of Competition,many Governments ...
All of the Following Are Rights Granted to Citizens and ...
Conchita Recently Sold Her Ford Taurus to a Personal Friend ...
Which of the Following Describes the Right to Profit ...
When Customers Enter a Supermarket and Select Their Favorite Brand ...