• anonymous
what are three goals of the free-enterprise system?
Economics - Financial Markets
  • Stacey Warren - Expert
Hey! We 've verified this expert answer for you, click below to unlock the details :)
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
  • jamiebookeater
I got my questions answered at in under 10 minutes. Go to now for free help!
  • anonymous
The goals of the free enterprise system is to ALLOCATE SCARCE RESOURCES IN THE MOST EFFICIENT MANNER THROUGH A FREE OPERATING "PRICE MECHANISM". In other words, rather than to have the govt set and control either prices of goods, or to set production goals, the market (which consists of all consumers and producers in a country) express their desires through their willingness to purchase goods and services at a price that they consider to be appropriate. In this way, the desires and needs of the citizens of a country are communicated very clearly and quickly to producers of goods and services. So the "price mechanism" is the answer and it does a much more efficient job than any govt administration, no matter how good it may be. wmw

Looking for something else?

Not the answer you are looking for? Search for more explanations.