What is a free enterprise system?

an economic system in which businesses operate and compete with no control from government at all

an economic system in which businesses operate and compete with government control

an economic system in which businesses operate and compete based on traditions and customs

an economic system in which businesses operate and compete with little government regulation

1 answer

A free enterprise system is best described as an economic system in which businesses operate and compete with little government regulation. This system allows individuals and companies to own and operate their own businesses with minimal interference from the government, promoting competition and innovation.