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Free Enterprise System
is another name for capitalism, an economic system based on private ownership of productive resources.
Open Opportunity
Is the ability of everyone to take part in the market by free choice.
Legal Equality
is a situation in which everyone has the same economic rights under the law.
Free Contract
Is a situation in which people decide legal agreements to enter into.
Profit Motive
Is the force that encourages people and organizations to improve their material well being from economic activities.
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