understanding free enterprise\nintroduction: sort the tiles to show the positive aspects and limits of free…
understanding free enterprise\nintroduction: sort the tiles to show the positive aspects and limits of free enterprise.\nbetter quality\nneed for consumer knowledge\nfreedom of choice\nlower prices\nlack of fair competition\npotential for higher prices\npossible benefits\npossible limitations
Answer
Brief Explanations:
In free - enterprise, competition can drive better quality, offer freedom of choice, and lead to lower prices as benefits. However, it may also have limits like lack of fair competition due to monopolies and the potential for higher prices. The need for consumer knowledge is more of a neutral factor but can be seen as a limit if consumers are not well - informed.
Answer:
Possible benefits: better quality, freedom of choice, lower prices Possible limitations: lack of fair competition, potential for higher prices, need for consumer knowledge