WORLD HISTORY

Detailed explanation-1: -Free enterprise refers to business activities that are not regulated by the government but are defined by a set of legal rules such as property rights, contracts, and competitive bidding. The argument for free enterprise is based on the belief that government interference in business and the economy hampers growth.

Detailed explanation-2: -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-3: -Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.

Detailed explanation-4: -The basic principles of free enterprise incluse profit motive, open opportunity, legal equality, private property rights, free contract, voluntary exchange, and competition.

Detailed explanation-5: -A free enterprise system is an economic system where a government places very few restrictions on the types of business activities or ownership that citizens want to engage in. This type of system is often called a free market, or capitalist system.