What are aspects of a free-enterprise system? check all that apply. private ownership of property is severely restricted. the government has a lot of power and influence. there are few limits on the use of private property. consumers make all of their economic choices. producers make all of their economic choices?

In a free-enterprise system,

There are few limits on the use of private property.

Consumers make all of their economic choices.

Producers make all of their economic choices

In a free enterprise system the holders of private property are free to buy and sell property. The government doesn't impose restrictions on such transactions.

In a free enterprise system, the producers set the price they want to charge for their product. Similarly, the consumers decide what they want to pay for the product. Hence the prices of commodities and the quantities supplied are decided by the market forces of demand and supply.

the earnings of a typical investor is around $1,000,000 to $10,000,000

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in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

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