Question

The United States has a free enterprise economy, also known as a free market economy. This means that in the United States, individuals and private businesses, not government, make most economic decisions about buying and selling. The government does play a role in the economy by providing public services and setting rules for businesses. Still, the United States is closer to a true free enterprise economy than many countries.

What are some context words or phrases in the passage to help you understand what “free enterprise” means?

Answer 1

Private businesses, buying and selling, public services, economic decisions, true free enterprise economy.