American Enterprise System

It's a mixed feeling kind of thing!

November 15th

American Enterprise Day is celebrated on this day. Residents recognize free enterprise and how it contributes to the American economy.

American Enterprise Day

Saturday, Nov. 15th, 9pm

United States

This American Enterprise System allows people to celebrate economic freedom, free enterprise efficiency, economic security, and economic growth.

American Enterprise System

  1. The U.S. have a mixed economy.
  2. A mixed economy is one that combines private and public enterprise.
  3. The law of supply and demand is an economic model of price determination in a market.
  4. Capitalism is an economic and political system where U.S. trade and industry are controlled by private owners for profit.
  5. Others forms of economies would be the Mixed, Market, Traditional, and Command economies.

Features of American Enterprise

  • Owning private property is one of the most basic freedoms of the free enterprise system

  • Individuals and businesses in the U.S. are free to enter contracts either written or oral.

  • Individuals are free to make choices and engage in free enterprise and competition.

  • As Adam Smith said, self-interest drives actions from individuals and businesses.