The Definition of free enterprise would be competition is allowed to flourish with a minimum of government interference.
So the weak points or cons of this economy would be
the risk when creating a new product, profit is also a risk. Business owners don't know if their product will be a success or a fail. (Efficiency at a Cost)
- inflation. This is the biggest danger of economic growth. When the demand outgrows supply, it sets the scene for companies raising prices. This sort of disparity can have a very bad chain reaction (Economic Growth Rates)
Hope this helped.
Cody
