A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. The U.S. economic system is largely capitalistic. Another name for capitalism is free enterprise. Free enterprise is based on a principle known as the free market system. In economics, a market is business carried on between buyers and sellers.
In the free market system, prices help decide what, how, and for whom to produce. Self-interest, profits, competition, and the right to own private property are the key factors in free enterprise and the free market system.
Self-interest is the single, most powerful force in the U.S. economy. Consumers, or the people who buy goods and services, shop for the best
In the free market system, prices help decide what, how, and for whom to produce. Self-interest, profits, competition, and the right to own private property are the key factors in free enterprise and the free market system.
Self-interest is the single, most powerful force in the U.S. economy. Consumers, or the people who buy goods and services, shop for the best