What are the Basic principles of free enterprise?
1) must be realistic
2) must based on the needs of the community
3) must be flexible
4) must start with simple projects.
You might think capitalism equals free enterprise and so does democracy equal free enterprise. Captiialism is the methodology of big business. A democracy creates the space to practice free enterprise and then free enterprise fosters capitalism which is basic -ally "money making money", a specialty employed by big business, but democracy allows for any size business or individual to emulate big business and also to invest (and reinvest to "make money with money" and to…
Free enterprise or Capitalism is when companies are allowed to freely compete with each other. it is the belief that the economy will prosper if businesses are left free from government regulation and left for the free market. Business governed by the laws of supply and demand, not restrained by government interference, regulation or subsidy. also called free market. Free enterprise is the basic ability for a privately run business to operate in a competitive…