What is a system in which any person can start a business and decide what to make how much to produce and what price to charge?

A system in which any person can start a business, decide what to make, how much to produce, and what price to charge is known as a free market economy. In this system, the forces of supply and demand primarily determine prices and production levels, allowing individuals the freedom to pursue entrepreneurial ventures. This promotes competition and innovation, as businesses strive to meet consumer needs and preferences.