The Private Enterprise System Guarantees That Competition Among Business Firms

question 145

True/False

The private enterprise system guarantees that competition among business firms will be fair.

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Definitions:

Disposable Income

The amount of money that households or individuals have available for spending and saving after income taxes have been accounted for.

Disposable Income

Available financial resources for households to save and spend, post-income tax deductions.

Corporations

Legal entities separated from their owners, which can own property, borrow money, sue or be sued, and enter into contracts.

Business Receipts

The total revenue received by a business from goods sold or services provided during a specific period.