In A Free-enterprise System Consumers Decide

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Innovation allows producers to. Create goods that draw consumer attention. How much to charge. What kind of economy uses.

• where to buy goods. The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as / यह अवधारणा. The consumers are free to make their economic choices or decisions such as deciding on which product to buy, which goods interest them, where to shop for goods, etc. A free enterprise system is an economic system where a government places very few restrictions on the types of business activities or ownership in which citizens participate. Free enterprise system definition simply refers to an economic system in which the prices of goods and services are determined by unrestricted competition between privately. Free enterprise is the freedom of general economic activity within a nation. Free enterprise examples include a private restaurant chain run without government interference or. In a free enterprise system, consumers are the people who pay for products and services. Consumers decide what they.