Which statements describe a free enterprise system? Check all that apply.Citizens can own property.The government employs all workers.Supply and demand drives production.Consumers and producers make their own decisions.Citizens can accumulate wealth.The government sets prices and wages.
Answer
A
Citizens can own property.
B
The government employs all workers.
C
Supply and demand drives production.
D
Consumers and producers make their own decisions.
E
Citizens can accumulate wealth.
F
The government sets prices and wages.
Explanation
A free enterprise system allows private citizens to own property and accumulate wealth. Supply and demand guide what is produced, while consumers and producers make their own economic decisions. A system where the government employs all workers or sets prices and wages is not free enterprise.
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