Difference Between America And The Free Enterprise System

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America and the Free Enterprise System

A free enterprise system is an economic system where the government has very little restriction over how people operate small businesses. America and the free enterprise system is also called capitalism. There are five main parts to capitalism: freedom to choose our business, right to private property, profit motive, competition, and consumer sovereignty.

The five main parts affect my family because we own a small business, We own a construction company, but we could own any other type of small business or small company that fits the government's regulations. This is because of the freedom to choose our business. In our business my dad interviews clients to give them a set price of what he will charge
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