QUESTION IMAGE
Question
question 12
what drives the production and distribution of goods and services in a free enterprise system?
a. customary skills and strategies that have worked for
generations
b. socialism, communism, and government planners
c. the profit motive, economic competition, and supply and
demand
d. monarchy, theocracy, and parliamentary democracy
In a free enterprise system (capitalist system), production and distribution of goods/services are driven by the profit motive (businesses seek profit), economic competition (firms compete to gain market share), and supply - demand (which determines prices and production levels). Option A refers to traditional practices, not free enterprise. Option B describes command - economy elements. Option D refers to political systems, not economic drivers.
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C. the profit motive, economic competition, and supply and demand