What Is the U.S. Free Enterprise Economic System?
Free enterprise economic systems exist where governments and societal intervention do not restrict the business transaction of individuals and companies. While the U.S. economy is not a true free enterprise system, it is based on these principles.FactsFree enterprise systems allow individuals and companies to interact in a market place and conduct business transactions free of external intervention or regulations. This marketplace also allocates the natural resources of land, labor and capital.FeaturesThe U.S. economic system places a high regard on personal property and the transferring of property from one individual to another. Personal property rights are an essential part of the U.S. market system.BenefitsThe United States has experienced periods of significant growth throughout its history because individuals are free to make economic choices that benefit their lives. Free markets give each individual the opportunity to achieve great results.WarningHeavy government intervention o
