The free enterprise impacted the economic system of the United States by introducing the principles of free enterprise and personal property right.
Explanation:
The U.S economic system of free enterprise regulates the market economy. Free enterprise introduced the concept of personal property rights and free enterprise to the market. By following free enterprise one can choose their business and have the right on their property for buying and selling.
Free enterprise system have the power to motivate, consume and compete with other products. It change the complete market economy of U.S. and it supports contract system in between buyer and seller. So there should be an legal process to look after the contract system.
