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the free enterprise system is also known as capitalism, the private enterprise system, and a market - based system. by any name, it is related to the idea of democracy. like democracy, free enterprise is based on individual freedom. americans enjoy a long list of economic rights. these include the right to choose one’s work or to join or not join a union. americans also have the right to own, use, sell, and dispose of property. economic rights are secured by the constitution and through court cases and laws passed throughout the nation’s history.
government does play some role in our economic life. this role is meant to protect the public and free enterprise itself. for example, laws limit how much pollution a factory can produce. other laws make sure that companies are free to compete and that inventors can profit from their own inventions. government also builds roads and helps educate workers to benefit the economy. there are many other examples of how government gets involved in our economy.
reading check how does free enterprise relate to democracy?
lesson check what is the role of the individual in the democratic system?
For the question "How does free enterprise relate to democracy?":
The text states that the free enterprise system (also called capitalism, private enterprise, market - based system) is related to the idea of democracy. Both free enterprise and democracy are based on individual freedom. In free enterprise, Americans have economic rights like choosing work, joining/unjoining a union, and property rights. These individual freedoms in the economic (free enterprise) sphere parallel the individual freedoms inherent in a democratic system.
From the text about free enterprise (which is related to democracy), individuals in the democratic system (and free enterprise) have economic rights such as the right to choose one's work, to join or not join a union, and the right to own, use, sell, and dispose of property. These rights show that individuals have a role of exercising their freedoms in economic and (by extension, as free enterprise is related to democracy) democratic life, making choices and having control over their economic activities within the democratic framework.
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The free enterprise system is related to democracy as both are based on individual freedom. Free enterprise gives individuals economic rights (e.g., choose work, property rights), similar to the individual freedoms in a democratic system.