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Brooks is the president of an organization founded to protect the American free enterprise system. As a result, he is likely biased toward free enterprise and will be more likely to argue in its favor without considering its drawbacks. Another source that would be helpful would be an article that describes the negative economic and social characteristics of free enterprise. Which of these did you include in your response? Check any that apply?

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mbm1000

Answer:

One of the main advantages of the free enterprise system is the entrepreneurs' capacity and proficiency to thrive; and although in many cases it generates employment and brings benefits such as creating income and somehow funding the government via some taxes; people argue that it might generate unemployment when the supply and demand dynamics leads to corruption and situations where consumers get exploited, recession and high inflation.

chilljain33

Consumer exploitation, economic recession, increased corruption and hyperinflation are some negative economic and social features of free enterprise system.

What is free enterprise?

President Brooks introduced free enterprise system in American economy. It states that there shall not be any restrictions over the entry and exit of the buyers and sellers in an economy.

Some negative effects of free enterprise system are.

  • Increased activities like corruption and biased-ness in the economy.
  • An inflation led by economic recession.
  • Increase in prices due to the pricing power of sellers, leading to the exploitation of consumer resources.

Hence, the negative effects of the free enterprise are aforementioned.

Learn more about free enterprise here:

https://brainly.com/question/13385599

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