One of the characteristics of private enterprises is ______?

A. Provision of welfare to the citizens
B. That tax payers bear all the risks
C. Public ownership of shares
D. Individual funding of business activities

Correct Answer:

Option D – Individual funding of business activities

Explanation

Characteristics of the private enterprise system:

• Private ownership of property.
• Entrepreneurship.
• Consumer independence.
• Market forces (competition, supply and demand, profit motive)