Examlex
Which of the following statements is true?
Private Enterprise System
An economic system where private individuals or businesses own the means of production and operate for profit, often characterized by competition and market forces.
Entrepreneurs
People who establish, manage, and run companies while accepting higher-than-usual financial risks in the process.
Freedom of Choice
The power or right to make one's own decisions without interference from others, often referred to in the context of consumer choices in the marketplace.
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