Answered

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Based on the advertisements, what conclusion can be drawn about the free enterprise system?

a.)Governments should control all aspects of the economy in order to lower costs.

b.)Improvements on products can only be made if there are rival companies.

c.)Competition in the marketplace improves quality and prices of goods.

d.)Monopolies on modes of transportation lead to high prices and poor quality goods.

Sagot :

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Answer:

c.)Competition in the marketplace improves quality and prices of goods.

Explanation:

The free enterprise system is one where there is freedom of economic activity by organizations in different economic sectors with low state intervention, that is, companies are free to produce and achieve profitability, and consumers are free to choose what and from which company want to consume.

This free enterprise system benefits companies, which can operate according to their own strategies, and consumers, who benefit from competition between competing companies in the market, which makes it possible for consumers to choose more due to large number of companies offering similar products, which contributes to a greater number of companies wanting to attract more consumers by offering products with higher quality and better price than their competitors.

Companies are free to produce and achieve profitability, and customers were free to pick what and from which company they wish to purchase below a free market system with limited government intervention.

The correct conclusion is drawn from the free enterprise system is c.) Competition in the marketplace improves the quality and prices of goods.

This capitalist model benefits both businesses and consumers. Companies benefit from competition between competing companies in the market, which allows consumers to choose more options due to the large number of companies offering similar products, and consumers benefit from a greater number of companies wanting to attract more consumers by providing better quality products and cheaper price than their contenders.

To know more about the conclusions regarding the free enterprise system, refer to the link below:

https://brainly.com/question/24782533

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