The correct answer to this open question is the following.
Here, we have no questions. Just a statement. It seems that you forgot to include the question. If it is a true or false question, then the answer is "true."
If the question would be the type of text, we could say that it is an argumentative essay regarding the free enterprise or entrepreneurship in America that wants to convince us or persuade us about this form of the economic system.
It is correct to say that the free enterprise system allows companies and individuals to compete in a free trade market, where you can offer many kinds of po¿romotional strategies in order to convince consumers that your product and service is the best.