A Private Enterprise System Within The United States

The free enterprise system is a part of our everyday lives. Without it we would not have different brands and/or companies. We would not be able to choose where to buy (consumer) and sell (producer) items. The free enterprise system is an economic system in which everyone is allow to participate in the activities of their choice. Walt Disney started out working for a company drawing cartoon duck, but things did not work out and he went onto bigger and better opportunities because of this "failure" with the company. The free enterprise system provided Walt Disney with the opportunities to develop his famous and successful brand.

Encouraging equal competition allows the supply and demands of a population to determine the success of the nation's economy. If your product isn't good enough to beat your competitors, then it isn't going to be successful in the nation's economy. BODY #3: The free enterprise system allows entrepreneurs to create their own business, free of state control. Bill Gates has become the person he is today because the free enterprise system provided that. If our nation didn't go off of the free enterprise system, then the government could have controlled Bill Gates economic decisions, resulting in him not being the successful man he is. The free enterprise system is a positive influence on our nation. CONCLUSION: The free enterprise system allows individuals to make an impact on the economy. It lets people with good ideas, such as Bill Gates, to create new companies, to provide better products for the consumers. The free enterprise system allows people to make individual economic decisions. It gives people the right to compete for business. Consumers, not the government, can decide the profit potential of a business

free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. When using this, it allows people to determine the success or failure of an economic endeavor. Many business owners have become successful while using this, like Mark Zuckerberg.

Free enterprise allows for individuals to have large economic freedoms with some regulations from the government. Many entrepreneur have taken advantage of the system and gained immense wealth. A great example is Bill Gate who has made a huge contribution to the technological industry. His investments in companies like microsoft has helped make it one of the biggest companies in the world. Without a lot of restrictions from the government Bill Gates's fortune grew and without free enterprise his companies wouldn't be as huge as they are now.

Free enterprise is a very important concept in society. It is what makes our economy boom. there are many examples of free enterprise, but my favorite is Jennifer Lopez. Jennifer Lopez is a well known entertainer. She has done a variety of things such as owning her own clothing line, being a multi platinum recording artist, and starring in many box office movies. She has a lot of talent, and uses her talent well. Her clothing line is the best example of a free enterprise because she has freedom to put out whatever she wants, and set her own prices. The government does not control her prices. It also gives her the availablity to compete with other companies.

The market model of economy, developed by Adam Smith entails a freely flowing economy that places little or not restriction on occupation allowing individuals utmost rights. America took on an ethos of a mixed economy of market and command that struck a successful economic equilibrium. American economy also changes with different periods of history. The Civil War had lit the spark of industrialization needed to enhance the American economy. Technology advanced by leaps and bounds and free labor was done away with to make room for Industrialization and Adam Smith’s market model of capitalism. Capitalism was a promoter of the entrepreneur and individual success. It was only natural that during this time of private interest the gap between rich and poor would be greatly widened and a state of disorder might arise. Capitalism was a new ideology and drastic labor problems and social disorder arose because Americans were simply adjusting to (and taking advantage of) the new system.

A limited government, such as a commercial government, is required in order to have a successful and functioning free market society. Such a government provides legal context for contractual agreements, and maintaining law, but does not constrain the freedom of individual thinkers. This type of government does not interfere with the competitive nature, and innovative process of the free market. In fact, such government protects the rights of individuals and their interests, ideas, and innovations. In a government such as democracy, an individual’s freedom might be less than a Republic government, therefore limiting competition and innovation. Competition is constant in such an economy (limited government) that protects these rights and ideas.

Capitalism is an economic system which allows private and corporate ownership of capital goods; investments that are controlled and determined by privately owned entities; pricing, production and distribution of goods in a competitive free market. Adam Smith is considered the Father of Capitalism and he described capitalism as a system with an invisible hand that would maintain the markets without government

A free enterprise system is an economic system where the government has very little restriction over how people operate small businesses. America and the free enterprise system is also called capitalism. There are five main parts to capitalism: freedom to choose our business, right to private property, profit motive, competition, and consumer sovereignty.

Today’s economy was founded upon the fundamentals of capitalism and continues to find its strength in the presence of freedom of enterprise and trade. Regulation and taxes are vital in order to support fairness amongst businesses and to provide funds for the government to develop and maintain the country’s infrastructure. Most companies distribute some of the company’s accumulated profits, so that is why it is important to characterize the distribution under whether it

There are continuous discussions regarding a number of things in today’s society, such as “Do Corporations have rights?” and “To what limit should Government be allowed to impose regulation on the Private Sector?” which can accurately be assessed as being partially symptomatic of this increasingly prevalent line of thinking.

To continue, economic power predicts public policy, but to whom does that “privileged position” belongs to? The answer is simple: business. Businesses are the most dominant group in our politics. According to the evidence presented by Hudson “people who control large business corporations dominate our political process and largely control the public policy outcomes” (224). The main point of this paragraph, will be that market systems imprisons policy. Power in the United States is obtained from economic power more than any other source. For us to understand political power in America one must appreciate the political power held by corporate America. The capacity to “imprison” public policy follows from the fact that, in a capitalist economy,

Government interference also describes the wealth, if less the Govt. interference, more will be the wealth. Owners of factories, mines, businesses or any means of producing wealth should be allowed to manage their own enterprises as they see fit.

Capitalism – the means of economic production and distribution are privately held; the profit motive is the primary force guiding people’s economic behavior; and there is free competition among both producers and consumers of goods.

The advent of the ideal of capitalism is often attributed to Adam Smith. Sometimes called “The Father of Economics,” Smith was an 18th century moral philosopher from Scotland. Smith is perhaps most known for writing the book “An Inquiry Into the Nature and Causes of the Wealth of Nations.” In this book Adam Smith considers and advances the ideas of the division of labor, the invisible hand, the pursuit of self-interest, the proper role of government and the idea of a Laissez-Faire (or noninterventionist) economy. Each of these ideas were considered heavily during the establishment and development of the United States. Because of their adoption into the new American government, the United States became the forerunner to the free-market.