Question

A company's profit motive benefits consumers by ensuring the products and service they need are available at a high quality. what is this describing

mixed economy
the invisible hand
laissez-faire
private enterprise

Answer 1

[AI-generated answer — Bot GPT 3.5]

private enterprise

Answer 2

[AI-generated answer — Step-by-Step Bot]

The statement "A company's profit motive benefits consumers by ensuring the products and service they need are available at a high quality" is describing the concept of private enterprise.