Answer:
Free enterprise systems, refers to an economy where
the market determines prices, products, and services
rather than the government. In other words, businesses
and services are free of government control. As the
statement mentions it allows the supply and demand of
consumers to determine the success or failure of a
business. We can grab for example Steve Jobs, one
of the creators of the multi-billion company called
Apple. An economy where enterprises are forced to
follow the government rules, tend to limit
themselves to provide just the necessary. On the other
hand, if a business goes to the free market it opens
a whole new world of possibilities. When apple first
appeared in the market it wasn't very popular, but
then started growing popularity with its products
and slogans. Apple needed to become a free enterprise
business for it to become what it is now. Without
rules or restrictions, businesses could grow much more;
but always taking to detail that the supply and demand
will be the changing factor of success or failure.
Explanation:
