A free enterprise system provides all individuals with the opportunity to create their own economic decisions, with little restrictions or involvement from the government. This system allows the supply and demand of consumers to determine the success or failure of a business or capitalist endeavor. Because of this, some businesses become successful, while others fail. The free enterprise system helped Steve Jobs make personal computing much more user-friendly and create a known brand with strong customer and product loyalty. Steve jobs combined his marketing and innovation knowledge with his Steve Wozniak's computing ability to create Apple. Their goal was to make personal computing more user-friendly and create a brand …show more content…
Entrepreneurs have free reign to start new businesses without fear of excessive government regulation and high levels of taxation. A person who has a dream must simply set his goal and work very hard. As long as he has enough determination and business savvy, in a perfect world, he should be able to find a niche for his small business. Although this aspect of free enterprise is viewed as a pro by some, this is seen by others as con. If, for instance, an individual from a disadvantaged background does not have access to the social services available within a socialist economic system, such as government issued educational grants, it may be difficult, if not impossible, for him to reach his professional goals. One of the biggest pros of a free enterprise economic model is that it promotes individual choice. Every member of the population can earn a living in whatever way they choose. If a fashion designer wants to open her own boutique, there is nothing stopping her. This free will can be hindered, however, when faced against powerful competitors. For example, if Wal-Mart and a J.C. Penney’s open within the vicinity of that same fashion designer’s boutique, she may have a hard time challenging such behemoth