Without a free-enterprise system, Steve Jobs wouldn't have been able to build a multi billion dollar company out of a garage. Government constraint is detrimental to an entrepreneur's ability to invent new products and services and market them into an economy dominated by regulations. Steve Jobs understood the free enterprise economy, and stuck to a strategy that made consumers want his products. This type of economy encourages inventors to keep upgrading and investing in the public's wants and needs. Jobs' company, Apple, did not thrive without competition. Free-enterprise systems value competition, without a worthy competitor, a company will not have the motivation to compete with other company's products; since there is no other option, a company could also raise a product's price as they please. …show more content…
There are many different ways to succeed in the business, but there is even more ways to fail. In a communist government, there is no option to be an entrepreneur, you are given a job, there is no free market, there are no ways to invent and sell a product. In closed-market economies, self-sufficiency can be the downfall for inventors. If your product requires materials not available to your country, or you require the investments of international businesses, you cannot survive in a closed-market economy. The most desirable system for your best chance at succeeding is an open, free-enterprise economy. In this market, businesses have little to no regulation, opening the door for those who strive to innovate. Steve Jobs realized he had a shot at "beat[ing] big companies." Starting out in a garage with his partners, Steve Jobs dominated the free-enterprise market to become one of technology's biggest