Question

A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.

Answer 1

It is a true statement that the free enterprise system is necessary for an individual to make an impact on the business world.

What is a free enterprise system?

This economy system is also called a free market or capitalism that is driven by supply and demand.

The businesses and consumers are the component that control the marketplace with little to no interference from the government.

Therefore, It is a true statement that the free enterprise system is necessary for an individual to make an impact on the business world because it gives them freedom to perform their trade art.

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