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What is free enterprise?

Updated: 12/13/2022
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8y ago

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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 manner with minimal government restriction or regulations.

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8y ago
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9y ago

The definition for free enterprise is "an economic system in which private business operates in competition and largely free of state control."

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