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What is a free enterprise economy?

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Free enterprise definition, an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation. See more. read more

Free enterprise economies allow people to be creative and productive on their own volition, unlike other market economies, such as a socialist or communist economies. Identification The components of a free enterprise system include households, businesses, markets and the government. read more

Free enterprise is an economic system where few restrictions are placed on business activities and ownership in terms of trade and government intervention. Free enterprise is an economic system where few restrictions are placed on business activities and ownership in terms of trade and government intervention. read more

Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government. It’s capitalism, not communism. Things that are free are unconstrained, and a business is an enterprise. read more

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