Characteristics of Free Enterprise

Economic Freedom

Everyone has the right to choose what they want their occupation to be, such as being a dentist.

Voluntary Exchange

Businesses engage in market transactions and are usually better off with the exchange than they were before.

Private Property

Once you own property it is yours and you can do what you choose with it.

Profit Motive

The ultimate goal of a business is to make money.


Businesses are constantly competing to attract consumers.

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