Final answer:
Another term for free enterprise in the United States is capitalism, an economic system grounded in economic freedom, competition, and voluntary exchange that encourages wealth creation.
Step-by-step explanation:
Another term for free enterprise in the United States is capitalism. In a capitalist economy, individuals and businesses own the factors of production and make decisions based on their self-interest, with minimal government intervention. The core principles of a capitalist system include economic freedom, competition, and voluntary exchange, which collectively help to regulate the market and prices. The U.S. free enterprise system provides numerous benefits, such as individual freedom for consumers and producers, a variety of goods and services, responsive pricing, ample investment opportunities, and the overall creation of wealth.