A free enterprise system is when individuals and businesses are free to make their own economic choices; when more than one company can sell the same product/service and still survive in the market. This gives the consumer choice and option. They can shop around for the best price on an item/service they want.
The free enterprise system is built on the idea that individual people have the right to run businesses to make a profit with limited government interference and regulation.
The above is only partly true. The essence of the free enterprise system is a competitive market which anyone can enter. Government interference and regulation can protect free enterprise, e.g. American "anti-trust" legislation which was designed to prevent the market from being monopolized by giant corporations who keep on merging to prevent any attempts at competition. In the US, a lack of control on such giant corporations and a failure to tax them, has enabled them to monopolize many markets and prevent individual people from running their own businesses profitably, thus seriously damaging the free market system.
A system where the goverment does not interfere adveslly on the running of bussinesss
Free enterprise is an economic system that provides individuals the opportunity to make their own economic decisions, free of government constraintsa nicee civic love
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Business governed by the laws of supply and demand, not restrained by government interference, regulation or subsidy. also called free market.
Some major elements of a free enterprise system include right of land and freedom of economic decisions
competition
Corect
You might think capitalism equals free enterprise and so does democracy equal free enterprise. Captiialism is the methodology of big business. A democracy creates the space to practice free enterprise and then free enterprise fosters capitalism which is basic -ally "money making money", a specialty employed by big business, but democracy allows for any size business or individual to emulate big business and also to invest (and reinvest to "make money with money" and to no limit)
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The United States is a free enterprise system.
The Free Enterprise System is based on the right of the individual to run a business for profit with a minimum of government control. The characteristics of a free enterprise system are freedom, competition, and private ownership.
Free Enterprise System
It has a free enterprise or "capitalistic" economic system.
So-called free enterprise is concerned with making profits.
It is a persOn who work For enterprise
Free Enterprise It is not Capitalism A Free Enterprise System is when you have the right to run a business to make a profit with limited interference from the government.
A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.
Free Enterprise A+
So-called free enterprise is concerned with making profits.
The filas of the american free enterprise sistem are they attainable?
Free enterprise system is what America has with freedom in all. China has communism where the government controls everything.