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What economic system is commonly called a free enterprise system

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User Pdiddy
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2 Answers

5 votes
Capitalism. However this is inaccurate, as monopolies are as capitalist as you can get and yet are antithetical to the idea of free enterprise.
answered
User Aviad Hadad
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8.2k points
3 votes

Answer:

Capitalism

Step-by-step explanation:

Capitalism is generally believed to be a free enterprise system. This means that the business carried out within capitalism is unconstrained from government regulations and other similar limits. Instead, it is solely regulated by the demands of the market (supply and demand). However, no country's economy is truly free of all constraints, as all governments impose some rules on enterprise in order to prevent massive inequality and other negative social consequences.

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