- an economic and political system, that is controlled by private owners for profit
- based on individual rights
- *freedom
- **** (means of production- the things that go into making something)****
- a political theory that was brought up by Karl Marx that lead to a society that has all property that is publicly owned and each person works/ is paid according to their abilities and needs
- aims to establish a classless society based on communal ownership of property
FREE ENTERPRISE-
- a project or undertaking, usually one that is difficult or requires effort
FREE MARKET-
- an economic system that has prices that have no economic intervention and regulation by the state. Except to uphold contracts and the ownership of property
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