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Does America have a free enterprise system?

User Elijah Ellanski
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2 Answers

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10 votes

Answer:

Well, this answer is honestly kind of tricky because the definition of our country is that it's a free country and a free enterprise means that the people and not the government controls are resources but honestly, if that were true there wouldn't be as many people hungry because they wouldn't have to worry about not being able to afford food and people would have places to live and things such as that so I hope you get what I mean and you may not agree.

User Krishna Jangid
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16 votes

Answer:

The U.S. economy is a free enterprise system.

Step-by-step explanation:

An free enterprise system is an economic system in which privately owned businesses have the freedom to operate for a profit with limited government intervention . Because the United States is a free enterprise, most of the resources are owned by the citizens. Something known as supply and demand controls how our resources are employed in the free business system. In a free enterprise system, investments are determined in a free market by private decisions rather than by state control.

To give more information:

  • Demand: Consumer willingness and ability to buy products.
  • Supply: The amount of goods available.
User Mustapha
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