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