what is the difference between socialism and free enterprise 
whereas free enterprise is the notion around letting goods and services freely generate market results on their own socialism is focused on governing how resources are distributed these government policies may dictate how resources are used who receives goods or what pricing mechanisms certain market participants may face the bottom linefree enterprise refers to an economic concept where markets are not governed by policy instead market participants set pricing do not face export or regulation requirements and have more freedom in choosing how they transact though free enterprise is rooted in granting individuals more freedom market failures may be more devastating without government intervention 