In the free enterprise system, there are many advantages for entrepreneurs and companies to be successful. By beating competitors, and having innovative business plans, a free market can almost guarantee any well-developed plan to be successful. Being able to have …show more content…
She has used the free enterprise system to start her own businesses, which has definitely made an impact on our economy.
Many say that the free enterprise systems only works for wealthy people to start their own businesses and compete for consumers, but this is a false statement. Oprah said "failure is another stepping-stone to greatness," but many people give up the first time they fail. Oprah grew up poor to a single teenage mother, and fled from her abusive home at only 13 years old. Starting from nothing, to graduating from Tennessee State in 1973, she became Nashville's WLAC-TV Stations first youngest and first black female news anchor in history.
The free enterprise system is a fair and just system which encourages equal competition and allows nearly any entrepreneur to be successful based on their ideas and plans. Oprah is a perfect example of a successful entrepreneur who has made a huge impact on our economy. Not only has she developed compelling products, but she has also touched and inspired people all around the