Describe the features of the Free-market system

Answer:People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.

Step-by-step explanation:

Answer:

Property rights are social institutions that govern the ownership, use and disposal of resources, goods and services.

Allied to the property rights is freedom of enterprise which is another basic feature of a market economy. Freedom of enterprise means that everybody is free to engage in whatever economic activity he pleases. In other words, he is free to choose to work in any industry he likes or adopts any occupation or trade he desires.

No individuals would work and save if adequate incentives are not provided to them in the form of wages and interest respectively. Similarly, the firms will not produce goods and services and bear risk of losing money if sufficient incentives are not given to them. Profits are earned from undertak­ing the task of producing goods and services and introducing new products and new techniques of production. Profits earned by the firm depend on prices of goods and services produced and cost incurred.

In ordinary speech the word market means a place where buyers and sellers meet to buy and sell goods. In economics, market has a wider meaning and is interpreted to mean any arrangement that enables buyers and sellers to exchange things; they may contact each other through telephone, fax or direct computer link to negotiate prices of goods they buy and sell. In our above example, rational and self-interested consumers and profit-maximizing firms contact each other through any media and buy and sell things on the negotiated price.

An online company clothing company sells custom sweatshirts. The company charges $6.50 for each sweatshirt and a flat fee of $3.99 for shipping. Write a linear function in the form `y=mx+b`that represents the total cost, y, in dollars, for a single order of x sweatshirts.

Help Please! △ABC is given with line m drawn through A parallel to BC¯¯¯¯¯¯¯¯. In the course of proving that the interior angle measures of △ABC sum to 180°, which of the following will be shown? Select the two correct answers.

∠1≅∠B

∠1≅∠C

m∠1+m∠BAC+m∠2=180°

m∠BAC+m∠C+m∠2=180°

∠2≅∠A

4.5m is__% of 90cm. And 90cm is ___% of 4.5m.

Pls help me! This is really hard.

An online clothing company sells custom sweatshirts. The company charges
$5.50 for shipping plus $8.00 for each sweatshirt. Write a linear function rule that models the total
costy (in dollars) for any number of sweatshirts x

Allen is 5 years older than Cassandra. In 4 years, he will be twice as old as Cassandra was 2 years ago. Find their ages.

The ratio of the number of adults to the number of children at a restaurant is 3: 7. Identify the choice(s) below
that represent an equivalent ratio.
A 15:35
B 6:14
C 21:9
D 8:12
E 30 : 70

In degree measure, the angles pie/3, pie/4, and pie/2 are respectively

Graph the following
y−2=2/3(x+4)

The sum of a number and 13 is the same as the difference of 29 and the number. Find the number.

Which statement is true ?

Evaluate the expression.
(-5)(5) +5=

The difference between three times a number and eight equals negative five. What is the number?

6.3
-4.3
-1
1

The distance between Dallas, TX and Houston, TX is 384 kilometers. There are approximately 8 kilometers in 5 miles. Which measurement is closest to the number of miles between these two cities?

Order from least to greatest. 41/50, .83, 80%

move the numbers to the lines to appear in order from least to greatest.

_,_,_,_,_
|-2/3| , |0.8| , 0.75 , 1/4 , -0.3​

if Diana has three times more than her mother and her mother has 88 piles of clothes how many clothes does diana have? brainliest will be given out

Determine the solution to the system of equations:
2y - 2x = 22
y = -4x + 1

Write 5.164 x 10^-4 in standard form.*

find the smaller number of two consecutive odd numbers such that the sum of the larger numbers and twice the smaller number is 27 less than four times the smaller number​

V/7=5
Solve for v
(I need help right now)

Jupiter,Saturn or Uranus?

A calculator is listed for $110 and is on clearance for 35% off. Sales tax is 7%. What is the cost of the calculator? ​

£1 = $1.5 dollars
Convert £20 into dollars

So what is the answer to The spinner below is spun twice. What is the probability of the arrow landing on a 3 and then on an odd number?

3y + x = 12
What is the value of x when y = 3?

(01.05)
What is the equation, in slope-intercept form, of the line that passes through (0, -2)
and has a slope of -3? (5 points)
O 1) y = -3x - 2
O 2 y=-3x+ 2
O3) y = –2x+3
O 4) y = -2x - 3

Please help me with this..

please help im so lost lol

Is this question -true or false- I dont know

Rite the phrase as an expression. Then evaluate when y=20. 3 less than the quotient of a number y and 4 Expression: When y=20, the value of the expression is .