Since ever. It has more of a mixed system where privately-owned corporations and businesses coexist with state-owned companies.
It has a free enterprise or "capitalistic" economic system.
1800's
Both of them are free to start a new business
The United States is a free enterprise system.
Both of them are free to start a new business
Yes. In fact Mexico has one of the most open economies in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements.
need jobs for security
The free enterprise system of the US promotes individual initiative because it propagates the idea that every individual can be an entrepreneur and start his own business.
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
In an economy based on free enterprise people are free to start their own businesses.
So-called free enterprise is concerned with making profits.