In our economic system, the government plays a small but important role. As with most market systems, our government is needed to issue money, tax people for public works and settle legal disputes. Our government also has agencies which regulate things like money, quality of food and drugs, quality of working places, etc. In our economy we have free enterprise. This means that we are free to own our own businesses and run them as we see fit.
Limits are that nothing illegal can be produced sold or bought.
In certain industries like medicine and food, you must meet government standards to ensure quality. The government also requires certain professionals such as doctors and lawyers to pass exams before they can practice. Businesses must pay taxes and minors have limited work hours. Freedom of choice means the buyers choose what should be produced. Whether buyers purchase a product or not decides if their product will be a success or a failure.