Is free enterprise the same as free market?
Considering this, what is the difference between free enterprise and free market?
Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government. It's capitalism, not communism. Things that are free are unconstrained, and a business is an enterprise. In a free enterprise, prices go up and down because of supply and demand.
Also, what are examples of free enterprise? Free Enterprise is the right to freely pursue business activity, without government control, with the objective of capital gain. Here are a couple of examples: A child's lemonade stand. The child (and mom, perhaps) buys lemons and sugar for $8.00. The child erects a table an sign: Lemonade - One dollar.
Accordingly, are capitalism and free market the same thing?
On one hand, capitalism is focused on the creation of wealth and ownership of capital and factors of production, whereas a free market system is focused on the exchange of wealth, or goods and services.
What is the opposite of a free market?
The opposite of a free market is a command market where a centralized body makes decisions of goods and services. Currency wouldn't exist as we know it, as you would use your name to get your goods and only the goods entitled to you.