Question 7 What answer choice BEST matches with a free enterprise system? a private property rights b little to no innovation c minimal surpluses, currency, and technology d work is done for the good of the state

## Step 1<br />A free enterprise system, also known as capitalism, is an economic system where private individuals and businesses have the freedom to operate for profit with minimal government intervention. This system is characterized by private property rights, where individuals and businesses have the right to own and control their property.<br /><br />## Step 2<br />In a free enterprise system, there is a strong emphasis on innovation. This is because businesses and individuals are free to innovate and take risks in order to make a profit. This leads to a high level of innovation and competition.<br /><br />## Step 3<br />In a free enterprise system, there is no minimal surplus, currency, or technology. Instead, there is a high level of innovation and competition, which leads to a high level of surplus, currency, and technology.<br /><br />## Step 4<br />In a free enterprise system, work is not done for the good of the state. Instead, work is done for the purpose of making a profit. This is a key characteristic of a free enterprise system.