Free Enterprise Research Paper

The Free Enterprise System allows individuals to have a chance of becoming successful in life. Free enterprise, also known as capitalism, is an economic system where the individuals in the economy have the freedom to participate in the business world without government intervention. The system has made many prosperous. An example of a wealthy person succeeding from this system is Andrew Carnegie. The Free Enterprise System is necessary in the business world.

Bill Gates is the richest man alive he owns microssoft, with the help of free enterprise that why its so essential to have hen trying to create a buisness.Functioning of national economies and the world economy is based on economic resources or the factors of production – natural, labor, capital (in the form of real capital, in the form of means of production, and financial, cash), scientific (scientific, technical, informational knowledge) and business ones.

Bill Gates made a lot of changes to the way the world operates through technology and made life at lot easier for other people around the world. Bill Gates (also known as William Henry III or Trey) is an American entrepreneur, business mogul, investor, philanthropist, and one of the most richest and influential people in the world. He was also known as the best businessman in the 20th century. In his years as a child, he had the attitude for math and science as well as showing interest in computer programming in his teenage years.

The United States is known for having a free-enterprise economy where a business can be conducted freely without government involved. In free-enterprise economies, goods and services are traded openly and are produced depending on the demand. People who support this type of economy believe it motivates businesses to make money and welcome new ideas. An important part of the economy is to have full employment and low inflation.

The Free Enterprise system is a type of economy where products, prices, and services are determined by the market instead of being determined the government. Free enterprise refers to an economy where a businesses is free from the government’s control. There are five main principles of the Free Enterprise System. These five parts are, the freedom to choose our businesses, the right to private property, the profit motive, competition, and consumer sovereignty.

NTRODUCTION: A free enterprise system provides opportunities for individuals to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not. An example of a successful business owner is Bill Gates. Bill gates is a very significant entrepreneur for our technology world. I chose Bill Gates because he created a very successful program that has helped students and other businesses. BODY #1: Free enterprise system allows businesses and companies to make their own decisions on how they will compete with their competitors. The free enterprise system

Capitalism and Freedom, written by Milton Friedman, seems to focus significantly on the connections between the economics and politics, and the effect that those have in various aspects of society. This relationship was referred to throughout the book, and the topics Friedman discusses ranged between governmental control of money, to foreign policy and trade and the effect that has on our economy. Through the course of the book, Friedman constantly refers to his “classical liberal” view, which focuses on the freedoms and power of the individual in society. Friedman shows his support of this view during the book using the idea of a laissez-faire government. For Freidman, government involvement in issues regarding society should

After Gates graduated high school, with a perfect 800 on the SAT, he went to Harvard law school in 1973 (“Gates, Bill” 2) (“Gates, William Henry, III” 1). In 1975 his friend Paul Allen came up to him while Bill was in college and showed him a Popular Mechanics article about a $350 microcomputer, Gates read this article and was convinced that he wanted to be in the computer industry (“Gates, William Henry, III” 1). As a sophomore in college he and Paul Allen made the computer language BASIC compatible to microcomputers, this took much skill and he was the first to do it (Leaders of info 2). He did this for a company called MITS (Leaders of info 2). This shows his motivation to do well in the world, and to be successful. With this new success in the BASIC software, he dropped out of Harvard and went to pursue his new career (“Gates, Bill 1). He went to Albuquerque, New Mexico with Paul and they both founded a new company called Microsoft to mass produce their new software (Leaders of Info 2).

The fact that free markets are based on a contractual agreement between the buyer and seller with very little government control makes it feasible to consider it to be compatible with individual freedom. (Free Market: 2014) Classical liberals may agree with the objectives of free markets, as they emphasise the importance of individual freedom with limited control of the state. (Hagopian)The counter argument is that when the free market economy is fuelled by profit motives, it sacrifices some ethical and economic issues which can cause severe consequences. (Gerald Hanks: 2014) Modern Liberals argue that although individual freedom is important, coercion can be used as a positive outlook of bettering individuals to the best of their ability.

In addition to a socially responsible code of conduct, community-focused initiatives, and the creation of over 15 million Internet Technology jobs worldwide, Microsoft founder Bill Gates is head of the single largest philanthropic organization in the world: the Bill and Melinda Gates Foundation, with an endowment of 37.1 billion dollars.

The early life of Bill Gates was very good and happy life. His parents influenced him to try to be just like them very successful. They didn’t care if he just opened one business, they wanted to keep their families legacy going. They were just hoping he was just a successful man. He grew up in a insanely huge mansion in a rich gated community. Other factors

In the other hand, William H.Gates, also known as Bill gates aspired his whole life to create the finest technology to make everyone’s life easier. He created what is known know as Microsoft which is a

If you knew Bill Gates well, you would know that he’s full of desire. All the software ever written in the world is never sufficient for Mr. Gates. He always desires something noble. He believes something good is not for just a few people. But it’s for all. This is should not be in the negative light because that’s what actually gave birth to Bill & Melinda Gates Foundation. Mr. and Mrs. Gates wanted you to desire something good and work toward it. So they delved into charitable giving and are recording great successes worldwide. Bill’s desire was that there should be something different from the gigantic machines called the computer in those days. He desired something that everyone could use with ease. And he introduced it to the world.

Bill Gates was the former CEO of the computer software giant Microsoft. It was not purely on inherited merit or luck that he was able to lead and maintain Microsoft, one substantial attribution to the success of Microsoft was due to the leadership style of Bill Gates. The main philosophy that Bill Gates used was autocratic leadership. Autocratic leadership can be defined as: a person who maintains most of the decision making process for themselves (DuBrin A.J., 2013). An advantage of the autocratic leadership style was that corporate decisions were made more efficiently, if Bill were a democratic or consultative leader, it might have taken longer for Microsoft to seize primary markets of interests. Gates was also competent in delegating tasks to the right people, such as allowing the engineering teams to work at full capacity to meet their production goals. Microsoft’s success can be linked to the proper delegation of duties to the correct personnel, and a focus on goal-based decision making.

William Henry Gates III is a famous American entrepreneur, computer programmer, inventor and philanthropist. He is famous for being the co-founder of Microsoft. Microsoft is a company that sells computer software, operating systems, personal computers and electronics worldwide. Because of Microsoft’s popularity, Gates is one of the richest men in the world. Besides his company, Gates is currently famous for the Bill and Melinda Foundation. This foundation is where Gates is currently doing his philanthropy work. Through his company Microsoft and philanthropy, Bill Gates should indubitably be considered hero.