The American Dream means something different to everyone. Whether it's that father who simply wants to provide for his family without government assistance, or that hip-hop artist who sells his first million copies and chooses to own expensive diamond jewelry, while renting stupidly real estate. This embodies the beauty of the American dream; it means whatever you want it to mean when you're looking for your brand of happiness. However, at its core, it is about the possibility of achieving prosperity through one's own determination, hard work and personal ingenuity. Nowhere in the world has a country guaranteed this privilege so clearly and eloquently as in the Declaration of Independence. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay My maternal great-grandfather left Cuba for the chance to pursue this dream after becoming disenchanted with Batista's corruption , then by the socialist ideologies of Castro. He was an enterprising man who owned a small tobacco processing business that transported the product from harvest to processing. The Cuban government killed any opportunity for free enterprise by requiring most processors to sell their products to the government at a disgusting price. Arriving in the United States with a few dollars and the clothes on his back, he fully understood that it was a privilege to become an American citizen and never took his advancement for granted. The concept of the free enterprise society is fueled by this American dream. . Free enterprise is regulated by the fundamental principle of supply and demand; identify the unmet need and find a way to meet it. To be a true free enterprise system, it must be free from excessive government regulation. Free enterprise is not only materially satisfying, it is also what makes this nation great, because so many people, natives and immigrants alike, are able to create a progressive marketplace through innovation and innovation. creativity. The fundamental element of free enterprise is entrepreneurship. Global free enterprise is one of the key building blocks of today's economy. At the turn of the 21st century, America was one of the first countries to globalize its economy. More recently, the expansion of the Internet and social media has helped make the world much smaller by bringing a distant continent closer to the nearest device. Clearly, global free enterprise has had both positive and negative effects, including expanding business opportunities globally while losing jobs overseas to outsourcing. This will be resolved naturally as the rules of the game level out. Thomas Friedman, the author of “The Lexus and the Olivier,” presented a very interesting analogy about globalization which he called a “golden straitjacket.” Its philosophy asserts that a nation must sacrifice a certain degree of economic sovereignty to global economic institutions. This proverbial “straightjacket” restricts political and economic choices to relatively strict parameters. As he studied the economies of various countries around the world, he noticed a clear theme: Communism has failed. Socialism has failed. But capitalism is here to stay, even for the most primitive nations. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay My grandparents and parents have been entrepreneurs my entire life and have owned many businesses such as.