The freedom of private business to operate for profit competitively is called the .

The freedom of private business to operate for profit competitively is called the free enterprise system.

Explanation:

For a capitalist economy to grow, it is primarily necessary that there is healthy competition in the market. The free enterprise system dispenses equal opportunity for every single entity in the market to frame their own strategies.

And, also work on them in order to stand the competition and fetch profits. Private businesses take advantage of this system by customising their products and services on fronts like manufacturing, marketing, sales, after-sales service, etc.

In order to avoid falling back in the competition posed by market competitors, private businesses try and build their own unique selling propositions (USP's) and products that distinguish them from other producers in the market. This avails healthy market competition and the free enterprise systems are nurtured through the process.

martin luther king (1929-1968) was an activist for the african american rights, mr. king has a profile of a kind leader that built a tenacity, respect and full of hope future. he was an activist through civil disobedience and no violence pressure mechanisms. he tried to build a more egalitarian and fair society. his efforts carried a reivindication message of the civilian rights to every west corners. for that reason, he won the nobel prize in 1964.

answer: the risk-return relationship. generally, the higher the potential return of an investment, the higher the risk. there is no guarantee that you will actually get a higher return by accepting more risk. diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.

explanation: