Explain at least three benefits of the free enterprise system?

Commitment to legal equity: by giving everyone the same legal rights, we allow everyone to compete in the economic marketplace.

Private property rights allow people to make their own decisions about their own property.

The right of free contract allows people to decide what agreements they want to enter into.

The right of voluntary exchange allows people to decide what and when they want to buy and sell, rather than forcing them to buy or sell, rather than forcing them to buy or sell at particular times or prices.