Answer:
Market Competition's Value According to Oprah Winfrey, under a free enterprise system, everyone may follow their own economic interests. Supply and demand determine a company's success or failure in open markets. This strategy reduces costs and improves product quality by having many enterprises compete for consumer business. Due to America's free enterprise system, Oprah Winfrey can compete with the greatest in the entertainment world.
Oprah Winfrey, born in Mississippi in 1954, grew up in Nashville, where she became a DJ at age 17. At 19, she became WTFV-first TV's Black female news anchor. In 1976, she co-anchored Baltimore's WJZ-Six O'clock News and hosted discussion shows. In 1984, she relocated to Chicago and presented AM Chicago before rebranding as The Oprah Winfrey Show. The program exceeded all others in viewership and ended in 2011 after one more year. The free-market system encouraged firms to compete for customers' attention, which boosted Oprah's popularity.
Oprah launched Harpo Studios in 1988 to take advantage of the free market in the film and TV industry. Oprah's production firm witnessed a boost in demand for her show due to her vast media reach. Thanks to the free market, OWN took over Oprah's show. Her celebrity helped her enterprises develop quickly to fulfill client demand. Since creating OWN, Oprah has proved she is eager to seize financial opportunities. She grew the show's business plan to include making movies, putting out magazines, interviewing celebrities, making shows about food, health, and lifestyle, and starting a book club.
Oprah's financial success proves the free market's worth. Oprah.com attracts 13 million unique visits and 75 million pageviews every month, making it the most popular women's lifestyle website globally. Oprah's Book Club has almost a million subscribers. Since she operates in a free market, she may support her supporters through the Oprah Winfrey Foundation. The foundation promotes families' and children's economic and social well-being via educational and economic possibilities. Oprah's Angel Network encourages philanthropic giving.
Oprah's success in the entertainment sector is due to the American Free Enterprise System. She was able to use her show's celebrity to her advantage in the marketplace. Oprah has never cared much about money, which may have helped her succeed. She is the richest African American woman and the most powerful philanthropist, and she is used the media to encourage and educate others. The free market has benefited Oprah's career and business.
Explanation:
This is my opinion only so please feel free to alter as you see fit. Paraphrase (put in your own words to avoid plagiarism).
