Question

The growth of the free enterprise system was one of the most important economic developments in the early history
States. Which statement BEST describes a free enterprise system?
The government owns most factors of production needed to make goods
and services.
3)
Individuals participate in business activities with little government
interference.
The means of production are owned and controlled by society through the
government.
Decisions about what to produce and for whom to produce are made by a
central authority.

Answer 1

Answer: Individuals participate in business activities with little government  interference.

Explanation:

In a Free enterprise system, the individuals in the economy are allowed to get involved in any business activities that they want (so long as it is legal) without fear of control or harassment from the government.

There will be some government interference but it will be low and mainly geared towards ensuring that certain rules and regulations are adhered to which would make the market more fair and stable.