4. which feature is a characteristic of the free enterprise system?competition is viewed as a hindrance to…

4. which feature is a characteristic of the free enterprise system?competition is viewed as a hindrance to growth.workers wages are set by the central government.the means of production are privately owned.business profits are shared with the working class.clear all

4. which feature is a characteristic of the free enterprise system?competition is viewed as a hindrance to growth.workers wages are set by the central government.the means of production are privately owned.business profits are shared with the working class.clear all

Answer

Brief Explanations:

A free enterprise system (capitalist system) is defined by private ownership of resources and production, competition as a driver, decentralized wage setting, and profits accruing to business owners. The other options describe features of non-free enterprise systems (e.g., planned economies or socialist systems).

Answer:

The means of production are privately owned.