What are reputable sources for an argumentative essay about the free enterprise system? Check all that apply. commercial websites from entrepreneurs…
What are reputable sources for an argumentative essay about the free enterprise system? Check all that apply.
commercial websites from entrepreneurs selling products
government-sponsored websites about a market economy
university websites that explain several economic systems
primary sources that focus on the history of the economy
blogs written by students who are studying economics
Sample Answer
A free enterprise system can be defined as an economic system in which very few restrictions are placed by the government on the types of business activities and ownership citizens of a particular country are involved in. Free enterprise system can also be described as capitalism or a free market. Free enterprise systems are characterized with the right to property ownership, profit motive, competition and consumer sovereignty. An argumentative essay pertaining to free enterprise systems should address the tenets and principles of the free enterprise system, effects on the economic development, history and development of the free enterprise system, advantages and disadvantages of the free enterprise system. Reputable sources are credible sources used in carrying out research on a particular topic or discipline. Therefore, to develop an excellent argumentative essay, several sources such as commercial websites, government sponsored websites, university websites, primary sources and blogs should be used. Some of these reputable sources include the following;
Ellis Davidson, (2020). Explain a free Enterprise Economic system. Retrieved online at https://smallbusiness.chron.com/explain-enterprise-economic-system-1520.html. This blog that expatiates upon the concept of free enterprise system and its significance on the economy.
Caroline Banton, (2019). Free Enterprise. Retrieved online at https://www.investopedia.com/terms/f/free_enterprise.asp. This is a commercial website that defines the concept of free enterprise system and its relation to law and economics. This website also describes the history of free enterprise system and goes on to highlight real world examples.
https://courses.lumenlearning.com/suny-internationalbusiness/chapter/reading-free-enterprise/. This is a university website that highlights the full scope of the concept of free enterprise system. This website describes the correlation between free enterprise and capitalism.
Sedera, D., Lokuge, S., Grover, V., Sarker, S., & Sarker, S. (2016). Innovating with enterprise systems and digital platforms: A contingent resource-based theory view. Information & Management, 53(3), 366-379. This is a primary source that discusses the use of digital platforms in revolutionizing the concept of free enterprise systems.
https://www.bankrate.com/glossary/f/free-enterprise/ This is a government website that gives a deeper definition of the concept free enterprise systems. The website expounds on the topic through citing relatable examples.