Answer to Question #189849 in Economics of Enterprise for Glen

Question

In a country such as South Africa, the most important characteristic of the business world in which it operates includes ___________________________.

1.     the freedom of individuals to establish any business of their choice

2.     the state owning and controlling the community’s resources or factors of production

3.     the limited choice of products and services that the state offers

4.     the allocation of resources which are not affected by free markets 

Answer 1

1.The freedom of individuals to establish any business of their choice