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A '''free enterprise system''' is an [[economic]] system characterized by private ownership of property and productive resources, the profit motive to stimulate production, competition to ensure efficiency, and the forces of [[supply]] and [[demand]] to direct the production and distribution of [[goods]] and services.
A '''free enterprise system''' is an [[economic]] system characterized by private ownership of property and productive resources, the [[profit]] motive to stimulate production, competition to ensure efficiency, and the forces of [[supply and demand]] to direct the production and distribution of [[goods]] and services.
==See also==
==See also==