In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.

Free enterprise systems, refer to an economy where prices, products, and services are determined by the market rather than by the government. In other terms, companies and utilities are exempt from government oversight. As the statement mentions, it allows consumers' supply and demand to determine a company's success or failure. For starters, we should catch Steve Jobs, one of the multibillion company's founders named Apple. An industry where businesses are required to obey the rules of law appears to restrict itself to offering only the essential. On the other hand, if a company goes to the free market, it opens up a whole new world of potentialities. It wasn't really popular when Apple first came on the market but then continued to rise in prominence with their goods and slogans. To become what it is now, Apple needed to become a free enterprise business. Businesses may expand even faster without regulations or restrictions, yet still, take to the information that supply and demand would be the evolving driver of success or failure.

this is a good question! i'll do some research and come back when i have the answer!