Answer: People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.economic freedom. people can use their jobs employer and how to spend their money.
voluntary exchange. buyers and sellers may engage freely and willingly in the market transaction.
private property rights. ...
profit motive. ...
competition. ...
limited government. ...
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Explanation:
