2) Oscar is a real estate entrepreneur in a country that promotes the individual right to own property, earn rofits, make decisions about business operations, and choose productivity systems. Which system best describes )scar's business environment?(LO1) A) mixed economy B) free market C) capitalist D) free enterprise

## Step 1<br />The problem is asking us to identify the type of economic system that best describes Oscar's business environment. The key characteristics of Oscar's environment are that individuals have the right to own property, earn profits, make decisions about business operations, and choose productivity systems. <br /><br />## Step 2<br />Let's analyze each option:<br />- A mixed economy is a blend of free market and command economy. It doesn't fully match the description given in the problem.<br />- A free market is an economic system where prices are determined by the interaction of supply and demand, without any government intervention. This doesn't fully match the description given in the problem.<br />- A capitalist economy is an economic system where production is directed towards the goal of generating profit. This doesn't fully match the description given in the problem.<br />- A free enterprise is an economic system where individuals have the right to own property, earn profits, make decisions about business operations, and choose productivity systems. This perfectly matches the description given in the problem.