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Which idea is an important element of the U.S. free enterprise system?A.It is wrong for companies to compete against each other.B.It is wrong for the government to control the economy.C.It is wrong for businesses to pursue maximum profits.D.It is wrong for consumers to freely buy and sell products.

Question

Which idea is an important element of the U.S. free enterprise system?A.It is wrong for companies to compete against each other.B.It is wrong for the government to control the economy.C.It is wrong for businesses to pursue maximum profits.D.It is wrong for consumers to freely buy and sell products.

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Solution

The important element of the U.S. free enterprise system in the given options is B. It is wrong for the government to control the economy. This is because the free enterprise system, also known as capitalism, operates on the principle that government should interfere with the economy as little as possible, and that the economy is best controlled by the supply and demand of goods and services. This system encourages competition and allows businesses to pursue maximum profits. It also allows consumers to freely buy and sell products.

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