Which idea is an important element of the U.S. free enterprise system?
A. The government should have a limited role in the economy.
B. Each industry should be dominated by only one business.
C. Businesses should work for the public good instead of for profit.
D. There should be limits on the kinds of goods consumers can buy.

The economic system of free enterprise advocates the free action of private economic agents, that is, the determination of prices through the law of supply and demand, by which the government does not intervene in the economy and consumers and companies are the ones who determine the prices of the goods and services offered through their commercial relationship.

This type of ideology seeks that the government only regulates minimal issues, and that it does not intervene in the decisions that each company makes, leaving the market to regulate itself.

Tundexi Tundexi · Answer 2 · 2025-03-27T00:07:00-04:00

The idea that is an important element of the U.S. free enterprise system is that government should have a limited role in the economy.

An economic system of free enterprise is a system where the determination of prices are done through the law of supply and demand, government does not intervene in the economy and consumers and companies are the ones who determine the prices of the goods and services offered.

Hence, the idea that is an important element of the U.S. free enterprise system is that government should have a limited role in the economy.

Therefore, the Option A is correct.

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