Which of the Following Statements Best Captures the Notion of Private

question 114

Multiple Choice

Which of the following statements best captures the notion of private enterprise?

• A) Individuals pursue their own interests with minimal government restriction.
• B) Certain business activities remain "private."
• C) Businesses can do anything they want, free of legal restraints.
• D) Small businesses will do better than big businesses in the long run.

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Definitions:

GI Bill

A landmark U.S. law passed in 1944 that provided various benefits, including educational and housing assistance, to World War II veterans.

Homebuilding

The act or business of designing and constructing residential dwellings.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to restore and reform the economy during the Great Depression.

Income Equality

The ideal economic state where individuals have similar levels of income and financial resources, minimizing economic disparities.