Free Enterprise System Essay

A free enterprise system provides individuals the opportunity to make their own decisions without restrictions from the government, A prime example of an entrepreneur who makes nothing but his own decisions is Donald J. Trump. Donald Trump was born into a wealthy family, his father Fred was also a business man and entrepreneur. It was his fathers real estate company that allowed Donald to start his franchises. When Fred Trump Died, he died with a net wealth of between 250 and 450 million dollars in real estate, he inherited between 40 and 200 million.

The free marketplace represents a superlative model of capitalism, since it denotes the most proficient and profitable way of production. In a free market, economic actors are capable of conducting business devoid of political interferences, such as the burden of a minimum wage, or trade in tariffs. Without these limits, economic actors are abridged to a state of clean competition, driving costs downstairs and resulting in senior quality and lower price products.

The free enterprise system is a part of our everyday lives. Without it we would not have different brands and/or companies. We would not be able to choose where to buy (consumer) and sell (producer) items. The free enterprise system is an economic system in which everyone is allow to participate in the activities of their choice. Walt Disney started out working for a company drawing cartoon duck, but things did not work out and he went onto bigger and better opportunities because of this "failure" with the company. The free enterprise system provided Walt Disney with the opportunities to develop his famous and successful brand.

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

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.

free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. When using this, it allows people to determine the success or failure of an economic endeavor. Many business owners have become successful while using this, like Mark Zuckerberg.

Free enterprise allows individuals to choose their own economic path. Unlike its opposite command which is completely regulated and run by their government. The combination of Bill's interest in computers and his way of using his market to meet the demands of big companies he was able to make a large living off of one business:

America's free enterprise system allowed Jeffery Bezos, founder and CEO of Amazon.com, to create the largest online retailer and provide the ability for consumers, worldwide, to buy what they need or want with a click of a button. Along the way, he has taken the risk out of buying online from unreputable sources, created higher chances for lower prices, and taken the hassle out of shopping by giving us all a one-stop shop - where almost anything can be found. Without the free enterprise system, Jeff Bezos would not have had the liberty to pursue his ambitious endeavors that he is successful for today.

Free enterprise is a very important concept in society. It is what makes our economy boom. there are many examples of free enterprise, but my favorite is Jennifer Lopez. Jennifer Lopez is a well known entertainer. She has done a variety of things such as owning her own clothing line, being a multi platinum recording artist, and starring in many box office movies. She has a lot of talent, and uses her talent well. Her clothing line is the best example of a free enterprise because she has freedom to put out whatever she wants, and set her own prices. The government does not control her prices. It also gives her the availablity to compete with other companies.

Steve Jobs as young man, was adopted and found his interest in technology with his father. Nonetheless, with his profound interest in technology he eventually met his future business partner, Steve Wozniak and created the first apple computer in his very own garage. In a free enterprise system, Steve Jobs was given the ability to be able to conduct his own technological advances and co-found a multi-billionaire business.

One of the first economic concepts is “Freedom of Enterprise and Choice”. Which is stating that Americans can choose how they want to use their own resources to create products and sell their products. It also states that workers are free to have a job they are qualified for, as well as buyers having the right the purchase any product of their choice. Today, this right is still protected under the US Constitution excluding any laws that deter businesses from doing any harm to the public with the use of their products.

Another name for free enterprise is free market. This type of economy is an economic system in which private businesses operates in competition and largely free of state control.

America is believed to have a Free Market Economic System which other countries have aspired to follow. A market economy can be defined as where supply and demand drive and regulate the economy instead of government intervention. Also, we are seen as having a laissez-faire economy, which is “a capitalist society where the profit motive is given free rein and the pursuit of economic success is the top priority” (Shaanan). But how can America have a Free Market system if it has a laissez-faire economy? The difference between free market and capitalist market is; under a capitalist system, businesses are supporters of free market principles for themselves and government intervention for their competitors. To have a Free Market economy, it is assumed to possess three things: free flow of information, no barriers to competition, and direct responsibility.

A market economy is very similar to a free market. The government does not control vital resources, valuable goods or any other major segment of the economy. In this way, organizations run by the people determine how the economy runs, how supply is generated, what demands are necessary, etc. This system gives rise to capitalism and socialism. A good example is while America is a capitalist nation, our government still regulates (or attempts to regulate) fair trade, government programs, moral business, monopolies,

However, on the other hand, business can grow fast and get powerful, and then it will influence the politics because the business has the power and nothing will restrain it. Under free market, people can do whatever they want, some other people will suffer. For example, if a person is really free, he has the freedom to do anything, what if he wants to kill someone, that’s against the freedom of the other person to live a life. This is the same with the free market, if a business is free to do everything, other business or customers might suffer from its decisions. What if a product is not ready to use it yet, but a business would like to sell and get the profit, customers will undergo the consequence of using the product. If the government let go the powers to the free market, government will not help check the product safety, the product safety will not be guaranteed, under this circumstance, people will be in a dangerous