Answered

Sort the tiles to show the positive aspects and limits of free enterprise.

Positive Aspects:
- Better quality
- Freedom of choice
- Lower prices
- Possible benefits

Limits:
- Need for consumer knowledge
- Lack of fair competition
- Potential for higher prices
- Possible limitations



Answer :

GinnyAnswer

Final answer:

Free enterprise system: benefits, limits, competition, quality, prices.


Explanation:

Positive Aspects of Free Enterprise:

  1. Better Quality: Free enterprise encourages competition, leading to businesses striving to offer higher quality products to attract consumers.
  2. Freedom of Choice: Consumers have the freedom to choose from a variety of goods and services available in the market.
  3. Lower Prices: Competition among businesses can drive prices down, benefiting consumers.

Limits of Free Enterprise:

  • Lack of Fair Competition: Some businesses may try to limit competition to maintain higher prices, which can be detrimental to consumers.
  • Potential for Higher Prices: In the absence of regulation, businesses may raise prices, impacting consumer affordability.

While free enterprise offers benefits such as quality improvements and lower prices, it also poses challenges like unfair competition and potential price hikes.


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