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Walt Disney's Free Enterprise System

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Economy and Entrepreneurship The free enterprise system is a part of our everyday lives. Without it we would not have different brands and/or companies. We would not be able to choose where to buy (consumer) and sell (producer) items. The free enterprise system is an economic system in which everyone is allow to participate in the activities of their choice. Walt Disney started out working for a company drawing cartoon duck, but things did not work out and he went onto bigger and better opportunities because of this "failure" with the company. The free enterprise system provided Walt Disney with the opportunities to develop his famous and successful brand. Walt Disney is known for many things but the first thing that he created was cartoon …show more content…

That he was already working with Universal Studios when he started out. The benefit of the free enterprise system is that anyone could have done and still could do what Walt Disney did. Or what could of happened is that Universal Studios did not like his idea of Oswald and turned him away. Meaning that he would have to find someone else to produce it or it would be his main character. They could also say the free enterprise system will state that Walt Disney was already in the business, he was already famous so it was easy for him to create his own character and many other characters. With the free enterprise system Walt Disney was allowed to create his characters and license them. It was the consumers who made the characters, films, toys, etc. famous and popular. The free enterprise system allows for business to create competition between themselves. Without the push from Universal there might not have been Mickey Mouse or Disney (company). The consumers in the free enterprise decide what stays and what goes, the consumers allow the producers to see what is working and what is not. The producers decide what they are going to make, how much it is going to cost, and what to do with the profits. The consumers of a free enterprise system decide; which goods/services to buy and where to buy these goods and

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