Free Enterprise System: Limitations On Business Activities And Ownership

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Free Enterprise System

Free enterprise is a system where the government has very few limitations on business activities and ownership. In this system this government has minimal ownership of an enterprise.

The U.S. economic system of free enterprise operates according to five main parts: the freedom to choose our businesses, the right to private property, the profit motive, competition, and consumer sovereignty. In free enterprise you have a right to own and do all of the main parts the the U.S. economic free enterprise system. This system is a way for an owner to express his or her ideas with many business rules. Although the government still has rules toward the business, the owner may still make his or her own rules. Free enterprise

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