Which of the following is one of the elements required in private enterprise?
A) Adequate representation in the government
B) Freedom from foreign competition
C) The opportunity for market leadership
D) The right to ownership of property
E) Numerous regulatory agencies

Question

Quizplus · Accepted Answer

Private enterprise requires the right to ownership of property, which allows individuals and businesses to own resources and assets necessary for production and trade. Adequate representation in the government and numerous regulatory agencies may support private enterprise, but they are not essential elements. Freedom from foreign competition and the opportunity for market leadership may be desirable, but they are not prerequisites for private enterprise.

Which of the Following Is One of the Elements Required