Characteristics of Free Enterprise
1. Economic Freedom
Thanks to Economic Freedom, we can follow our passions and get a job we want by having many choices.
2. Voluntary Exchange
Voluntary Exchange allows buyers to buy what they want because they think they're making a good deal. Obviously the seller likes exchanges too because they make loads of cash...most of the time.
3. Private Property
Owning Private Property allows people to do what they want with their land.
4. Profit Motive
People are motivated to keep their homes/ other material items nice in case someday they want to sell it and make a profit.
Competition pushes businesses/ entrepreneurs to compete against each other to attract consumers.