Free enterprise is an economic system in which businesses compete for profit without much government control.

Free enterprise basically means competition. For example, when you and another person have business close to each other. You both want more money than the other so one of you makes the price of the things they are selling to go down. People become more attracted to that store and your store make the price go even lower. This is mainly used in a market economy.

Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government.

In a free enterprise, prices go up and down because of supply and demand.

You walk into the local shopping mall and look around at all the choices. You decide you want to buy a new pair of pants but aren't sure where you want to go. Looking at the map you see twenty different options. Wow! Maybe you should start with a cup of coffee…now you have three options for coffee. There are signs with promotions on them for new products and low prices. You remember your economics teacher telling you that competition is part of a free enterprise economy. This must be what he meant.

If there's high demand, prices go up. If there's low demand, prices go down. Free enterprise is when private companies compete for profit without government interference.

Free enterprise is an economic system in which businesses compete for profit without much government control.

Free enterprise is basically when businesses are trying to make more profit then the other businesses.