Question

Which statement best describes the free enterprise system?

Businesses must set prices based only on government rules.

Businesses are owned and controlled by the government.

People can run their businesses freely with limited governmental interference.

Only large companies can succeed in this system.

Answer 1

The statement that best describes the free enterprise system is: **People can run their businesses freely with limited governmental interference.**

This highlights the core principle of free enterprise, which emphasizes individual entrepreneurship and minimal government regulation.