Why is the U.S. economy sometimes referred to as a modified free enterprise system?

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03-06-2015
Business

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Why is the U.S. economy sometimes referred to as a modified free enterprise system?

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Kalahira Kalahira · Answer 1 · 2017-08-11T01:19:07+02:00

Kalahira Kalahira

11-08-2017

The United States economy is sometimes referred to as a modified free enterprise system due to the fact that it is capitalist. This means that there is no monopoly on a particular aspect of trade or business, so anybody can start a company.

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