Free enterprise is an economic system where individuals and businesses have the freedom to operate and compete with minimal government intervention. In this system, people can start their own businesses, set prices, and make decisions based on supply and demand. This encourages innovation and efficiency, as companies strive to attract customers. In a free enterprise system, the market determines what goods and services are produced. Consumers play a crucial role by choosing what to buy, which influences what businesses offer. This dynamic creates a competitive environment that can lead to better quality products and services, benefiting society as a whole.