A free enterprise is an economic system where few restrictions are placed on business activities and ownership. In this system, governments generally have minimal ownership of enterprises in the market place. This system aims for limited restrictions on trade and minimal government<span> intervention.
</span>The U.S. economic system<span> of </span>free enterprise<span> operates according to five main principles: the freedom to choose our businesses, the right to private property, the profit motive, competition, and consumer sovereignty.</span>
The correct answer to this open question is the following.
Although there are no options attached, we can say the following.
The English challenged Spanish sea power although the Spaniards were known to have the best navy of the time. What Queen Elizabeth did in 1587 was to name Lord Howard of Effingham to lead the English navy against the Spanish armada. The English nobility accepted the movement and decided to back Effingham as the leader of the British navy. He had the knack to be able to listen to more experienced voices to make decisions, as was the case of his vice-admiral Sir Francis Drake, who really was a renowned sailor.
Private ownership and free markets.
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