Free Enterprise

Free Enterprise, also known as capitalism or free market economy, is an economic system characterized by private ownership of resources, decentralized decision-making, competition, and voluntary exchange in markets, with limited government intervention or regulation. In a free enterprise system, individuals, entrepreneurs, and businesses are free to pursue their economic interests, engage in entrepreneurial activities, innovate, and compete based on supply and demand forces, prices, and profit motives. Free enterprise fosters economic freedom, innovation, and prosperity by incentivizing productivity, risk-taking, and market efficiency.