Free Enterprise
By: Dominique Hall
Benefits Of Free Enterprise & Why People Want It
Promotes Social Goals
(improving quality of life for all of us)
Individuals can start businesses and gain profit
(Little to government is involved)
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This economy lets people start businesses that others can invest in and it has little to no interference with the government.
How It Works
The 5 Main Principles To Operate:
The Freedom to Choose Our Business
The Right to Private Property
The Profit Motive
Competition
Consumer Sovereignty
Who's In Charge:
Businesses and Consumers
How are People Paid?
-By the profit of what they sell
How Do They Buy and Sell Things That are Needed?
-They Create a product and Sell or trade items