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Which situation best reflects the concept of free enterprise? a) Consumers have a choice between two bakeries in a single city block. b) An agency determines which supplements are safe for people to buy. c)Local officials set the prices for all the gas stations in a community. d)The government decides the minimum wage for all airline workers.

Amanda Johnson

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Ralph Lopez on March 6, 2018

Free enterprise refers to the fact that a consumer can enjoy a lot of economic freedoms, which means that there are a couple of companies that manufacture the same product, and the consumer has the option of buying one of them. Therefore, taking into account the above, the correct answer is A. Consumers have a choice between two bakeries in a single block of the city.These two bakeries are competitors in the free enterprise and the consumer can make a choice which one to go within the same block.


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