free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. When using this, it allows people to determine the success or failure of an economic endeavor. Many business owners have become successful while using this, like Mark Zuckerberg. Mark Zuckerberg has become one of America's most richest according to Forbes, his net worth sits at an astounding 56.7 billion dollars. He is the co- creator of one of the most used social media's out there. He created Facebook while he was in college in his dorm room. You might ask yourself, why is Facebook so great? Facebook allows people from all over the world to connect with friends, family, and associates. Since it's creation it has had many updates to improve the site to make it a more enjoyable experience. …show more content…
You also have the ability to call people on Facebook , so this is a great for those users out there that does not have a phone. Facebook allows you to share posts to everyone in your contact list. The website is a way to make sure you never lose touch with those you care
There exists a multitude of individuals who desire the title of ‘entrepreneur’. Thankfully, there exists such a system which makes this title easier to attain - the free enterprise system. The free enterprise system provides individuals the ability to make their own economic decisions, without limitations from the government. With this in mind, free enterprise has been necessary for Elon Musk to help found the electric automobile company, Tesla, Inc. With the free enterprise system, Elon Musk has made an impact on the business world with the ability of being able to lower risk for consumers, as well as create advanced products for consumers.
Free enterprise is an economic system in which a private business operates in competition and largely free of state control. In the movie Roger and Me free enterprise
Free enterprise is a very important concept in society. It is what makes our economy boom. there are many examples of free enterprise, but my favorite is Jennifer Lopez. Jennifer Lopez is a well known entertainer. She has done a variety of things such as owning her own clothing line, being a multi platinum recording artist, and starring in many box office movies. She has a lot of talent, and uses her talent well. Her clothing line is the best example of a free enterprise because she has freedom to put out whatever she wants, and set her own prices. The government does not control her prices. It also gives her the availablity to compete with other companies.
A free enterprise system provides individuals the opportunity to make their own decisions without restrictions from the government, A prime example of an entrepreneur who makes nothing but his own decisions is Donald J. Trump. Donald Trump was born into a wealthy family, his father Fred was also a business man and entrepreneur. It was his fathers real estate company that allowed Donald to start his franchises. When Fred Trump Died, he died with a net wealth of between 250 and 450 million dollars in real estate, he inherited between 40 and 200 million.
Usually, the first disadvantage that people who oppose free enterprise bring up is the significant social division, or gap between the rich and poor. Although this may be true, it is an inevitable misfortune that will be found in all forms of markets - unless, of course, you live in a utopia. The sad truth is, there will always be a gap between the wealthy and less fortunate, even in
The free enterprise system is a part of our everyday lives. Without it we would not have different brands and/or companies. We would not be able to choose where to buy (consumer) and sell (producer) items. The free enterprise system is an economic system in which everyone is allow to participate in the activities of their choice. Walt Disney started out working for a company drawing cartoon duck, but things did not work out and he went onto bigger and better opportunities because of this "failure" with the company. The free enterprise system provided Walt Disney with the opportunities to develop his famous and successful brand.
The Free Enterprise System is the freedom to receive and earn an education, apply for a job, and start a business. Free Enterprise is actually an economic system where few restrictions are placed on business’s activities and ownership, giving you the ability like I said to receive an education, start a business, or apply for a job.
Facebook is great because it is a way for people to keep in contact with
Social networking sites allow you to connect with old friends from high school, family that lives far away, in my case, even in another country as missionaries, friends down the street, coworkers, and just about anyone else you can think of. This can make you feel more connected to the world around you. You can keep up with what everyone is doing and accomplishing in their lives very easily through statuses and pictures posted every day. I have met new family members, whether by marriage or by birth, through Facebook who I otherwise have not had the opportunity to meet. One of my uncles, who recently passed away, had an affair about thirty years ago and did not
Free enterprise allows for individuals to have large economic freedoms with some regulations from the government. Many entrepreneur have taken advantage of the system and gained immense wealth. A great example is Bill Gate who has made a huge contribution to the technological industry. His investments in companies like microsoft has helped make it one of the biggest companies in the world. Without a lot of restrictions from the government Bill Gates's fortune grew and without free enterprise his companies wouldn't be as huge as they are now.
The United States is known for having a free-enterprise economy where a business can be conducted freely without government involved. In free-enterprise economies, goods and services are traded openly and are produced depending on the demand. People who support this type of economy believe it motivates businesses to make money and welcome new ideas. An important part of the economy is to have full employment and low inflation.
Reform is to make an alteration, a change that is meant to improve crises. In the perspective of the three key players, reform meant something almost completely different when discussing the educational status of Newark public schools. To Mayor Cory Booker, Governor Chris Christie and Facebook’s CEO Mark Zuckerberg, reform meant implementing changes that completely deviated from previous establishments. The three contributors each had their opinion of public education, Initially Zuckerberg was not bothered with the idea of implementing simple changes to public school all the while keeping it under public administration, but after discussing with the other two key players they all suddenly shared a common goal, public education had to
Encouraging equal competition allows the supply and demands of a population to determine the success of the nation's economy. If your product isn't good enough to beat your competitors, then it isn't going to be successful in the nation's economy. BODY #3: The free enterprise system allows entrepreneurs to create their own business, free of state control. Bill Gates has become the person he is today because the free enterprise system provided that. If our nation didn't go off of the free enterprise system, then the government could have controlled Bill Gates economic decisions, resulting in him not being the successful man he is. The free enterprise system is a positive influence on our nation. CONCLUSION: The free enterprise system allows individuals to make an impact on the economy. It lets people with good ideas, such as Bill Gates, to create new companies, to provide better products for the consumers. The free enterprise system allows people to make individual economic decisions. It gives people the right to compete for business. Consumers, not the government, can decide the profit potential of a business
The free enterprise system uses a thing called gross domestic product, which is the value of all goods and services produced in a country in a given year. When value comes into play it is based on the utility, which is the usefulness of the product and the scarcity, which is the limited availability of it. Value today is not what it used to be like many years ago. People are not realizing it, but there is a big problem that is only going to get worst. Which is that the people's wants are unlimited while material is scarce.
Social media has made communication a lot more easier than ever before. Now, with a touch of a button people could communicate with anybody any where in the world. Websites such as Facebook makes communication with others an easy task. Facebook improved commucnication and even made communication a better experience. Facebook allow peole to share photos, post comments, and view people’s personal information. With almost 500 million users accounts, facebook is considered to be one of the most popular social media websites,most of the people use it as a substitute for real life human interaction.