USA HISTORY

Detailed explanation-1: -In a free enterprise system, individuals are free to produce and sell whatever they wish; they are also free to buy and use whatever they can afford. Individuals therefore enjoy the freedom of making their own economic decisions.

Detailed explanation-2: -Free enterprise refers to an economic concept where markets are not governed by policy.

Detailed explanation-3: -The key ingredient of the free enterprise system is the right of individuals to make their own choices in the purchase of goods, the selling of their products and their labor, and their partici-pation in business structure.

Detailed explanation-4: -Knights of Labor (1869) – hoped to create a single national union by joining together all skilled and unskilled workers. Demanded 8 hour workday, higher wages, and safety codes in factories. After losing a series of strikes, Knights fell apart.