There has always been some form of free enterprise, throughout human history. People have always found it useful to trade with other people in one way or another, whether by means of monetary transactions or simply by barter. The economist who first analysed the free market is Adam Smith, in his seminal work, The Wealth of Nations.
Free Enterprise System
Market system
market system
Free- enterprise system
Free enterprise is also known as a free market economy and also referred to as capitalism.
Free Enterprise System
Market system
market system
Another word for free enterprise is free market and it means a business govorned by the laws of supply and demand and it is restrained by the government.
The economy is a free enterprise market economy.
Free- enterprise system
The 'market' regulates free enterprise, while a board of appointees regulates a college, or a group of elected officials regulates a democracy.
Free- enterprise system
Free- enterprise system
The opposite of free enterprise as "capitalism" would be socialism or communism, where market forces are controlled. The exact opposite would be a completely controlled market, for which there is no single word beyond monopoly (control of supply).
There has always been some form of free enterprise, throughout human history. People have always found it useful to trade with other people in one way or another, whether by means of monetary transactions or simply by barter. The economist who first analysed the free market is Adam Smith, in his seminal work, The Wealth of Nations.
Free enterprise is also known as a free market economy and also referred to as capitalism.