The free enterprise economy & a socialistic economy can adapt to change because they have the profit motive as well as economic freedom so once the change can favor there ways they will adapt.
How can free enterprise system adapt to changing economic conditions?
free enterprise economy which is an economy where the market is the determinant of the prices, products, as well as services can allow for the ability to more easily adapt to changing economic conditions.
Because as a free enterprise economy are mostly focus on the economic freedom as well as voluntary private property rights and they are profit motive which make them to have the ability to adapt.
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