Capitalism. However this is inaccurate, as monopolies are as capitalist as you can get and yet are antithetical to the idea of free enterprise.
The United States has a capitalistic economic system. Sometimes this system is called the free-enterprise system because that term is more acceptable to certain individuals.
Fantasy (as really βfreeβ markets never exist in the real world).
Capitalism as found in economics textbooks
capitalism
Market system
market system
democracy
Another term for a free enterprise system is often one called a free market economy. However, with that said, most economies are mixed economies. This blends a degree of government regulation within a private ownership economy. A common error is to use the term "capitalism". This exists nowhere.
I could tell you, But it's gonna cost you.
Market system
market system
democracy
capitalism
capitalism
Another term for a free enterprise system is often one called a free market economy. However, with that said, most economies are mixed economies. This blends a degree of government regulation within a private ownership economy. A common error is to use the term "capitalism". This exists nowhere.
No: there is plenty of state support for companies. And most people have to work for a wage, and so are not free.
Free enterprise refers to an economic system where individuals and businesses have the freedom to own and operate their own businesses, make independent decisions about production and consumption, and compete with others in the market.
I could tell you, But it's gonna cost you.
Free enterprise system
Free enterprise system
Free enterprise system