An economic system in which people are free to operate their businesses as they see fit, with little government interference is known as?

• A. Free Enterprise System (Capitalism)
• B. Goods and Services
• C. Deposition
• D. Plate Tectonics

Answer: (A)

Capitalism, or the free enterprise system, is an economic setup where individuals are free to operate their businesses with minimal government interference. It relies on private property rights, voluntary exchanges, competition, and market-driven resource allocation through supply and demand. Prices and production respond to what buyers and sellers decide, and entrepreneurship drives innovation and growth. The other options aren’t about how an economy is organized—one refers to items that are produced and traded, another is a geological process, and the last concerns Earth’s structure.