Business in the Free Enterprise In a free-enterprise system. privately owned businesses are in competition with one another to meet consumer demands and generate profit Businesses can take on multiple forms in order to meet these goals. A business might be profit or not-for-profit. It can act as a producer, intermediary, or service business its ownership might be that of a sole proprietorship, partnership, or corporation. Those who establish the business often make the decisions about how a business will function. These people are entrepreneurs who start a business to become self-employed and work for themselves. Being self-employed offers many advantages, but it comes with much responsibility, and some drawbacks. As with all else in the work world, becoming self-employed should be a decision that has been wel researched and thought about carefully. I need a summary ⬆️ plz help me and dont scam me tho