Attached. Please let me know if you have any questions or need revisions.1Free Enterprise SystemName of StudentInstitution AffiliationCourseInstructor’s NameDate2Free Enterprise SystemAccording to Economics, a free enterprise system is like a free market economy wherebythe market is the major determinant of the prices of goods in the market, the goods and producedto be traded in the market, as well as the services available in the market rather than thegovernment (Glickman, 2019). Therefore, in this regard, the businesses and all the services arefree from government control. A free enterprise system gives individual entrepreneurs thefreedom to produce the goods and services that they deem necessary for consumers across theglobe (Lokuge & Sedera, 2020). Therefore, in some instances, some business owners havesucceeded through this system, while others have not.Bill Gates EntrepreneurThis paper will be discussing the famous entrepreneur; Bill Gates, who had used and isstill using a free enterprise system in his company (Mandal & Vong, 2017). Together with hispartners, Bill Gates came up with the most famous Microsoft Software that has significantlytransformed the Information and Technology field in carrying out various tasks with a lot ofefficiency and effectiveness. Indeed the Microsoft software has prospered and continues to gainacceptance across the globe. This is because the software was created in a free enterprise systemeconomy (FR Oswald A…
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