One of the four elements that are necessary for private enterprise to be carried out is reasonable prices
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: The four elements that must be present in private enterprise are private property rights, freedom of choice, profits, and competition.
Business
You might also like to view...
If a mechanic's lien is NOT enforced within the statutory period of time, which of the following occurs?
A. The lien is foreclosed. B. The lien expires. C. The lien is withdrawn. D. A court will order an attachment.
Business
Give a situation where optimal and maximum capacities are the same
What will be an ideal response?
Business