Ask Question
8 May, 09:09

Which situation best reflects the concept of free enterprise? Consumers have a choice between two bakeries in a single city block. An agency determines which supplements are safe for people to buy. Local officials set the prices for all the gas stations in a community. The government decides the minimum wage for all airline workers.

+4
Answers (2)
  1. 8 May, 09:54
    0
    Free enterprise is when people enjoy many economic freedoms. Having this in mind, the situation that best reflects the concept of free enterprise is the first choice - consumers have a choice between two bakeries in a single city block.
  2. 8 May, 10:13
    0
    The second option: an agency determines which supplements are safe for people to buy.

    1) A choice between two bakeries is not sufficient for considering totally free.

    2) Setting the prices by officials is not an example of free enterprise.

    3) Stating the minimum wage is not an example of free enterprise.

    Given that supplements are part of healthy sector it is important that a specilized agency pronounce about safety. The certification of the suplements as self permit manufacturers and consumers interact freely.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which situation best reflects the concept of free enterprise? Consumers have a choice between two bakeries in a single city block. An ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers