What principle of the american free enterprise system is described in the statement ''producers are inspired to provide products so that they can make a profit''? a. competition b. profit motive c. private property d. voluntary exchange

Option B.

Explanation:

Competition, is the right answer.

An economic system in which a state puts quite a few limitations on the natures of business ventures or ownership in which residents engage is known as the Free Enterprise System. Many of the people regard this system as capitalism or a free market. According to the provisions of this system, an individual is permitted to spend his money in his own way.

equal pay act of 1963. the equal pay act, signed in to law by president john f. kennedy on june 10, 1963, was one of the first federal anti-discrimination laws that addressed wage differences based on gender. they felt that this would prevent employers from undercutting future wages for men.

a phrase from a poem by ralph waldo emerson about the battle of lexington and concord. emerson's words read, “here once the embattled farmers stood / and fired the shot heard round the world.”