free enterprise - an economic system in which business owners make most economic decisions; government plays a limited role, citizens influence supply and demand, innovation - a new idea, device or a method; the Introduction of something new, mercantilism - the economy should be controlled by the government and based on maintaining wealth in the "Mother Country", consumer - the people who buy goods and services, industrialization - a time when the manufacturing of goods moved from homes to large factories, manufacture - the process of making products, or goods, from raw materials , goods - things that are produced, labor - work, competition - the process or act of trying to win, entrepreneur - someone who starts and develops a business,

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