Final answer:
Free Enterprise in America allows for significant economic freedom, including buying and selling without A. government interference, setting prices, and choosing business partners.
Step-by-step explanation:
Free Enterprise allows Americans to buy, sell, set prices, and choose partners without government interference. The key characteristics of this system include economic freedom, capitalism, and market-oriented economy. While there are some regulations and the U.S. government approves most proposed mergers, these actions are made to protect consumers and maintain a fair marketplace. Nevertheless, businesses have substantial leeway to expand or reduce production, set their desired prices, open or close facilities, hire or lay off workers, and start or stop selling products. The underlying premise of a free enterprise system is that private firms are best positioned to make decisions that will attract more customers or produce efficiently.
For example, in a free enterprise system, businesses can set their own prices for goods and services, hire and fire workers as they see fit, and make decisions about expanding or reducing production. This economic freedom allows for competition and innovation, and it is a key aspect of the U.S. economic system.