East or West Free Enterprise is the best
1. Competition, 2. Profit Motive, and 3. Scarcity (supply and demand)
There are four aspects of Free Enterprise Economies:
1. Business (stock market)
a. Organize goods and services, b. Individuals can create, c. Built for profit
2. Market (supply and demand)
a. Places where buyers and sellers meet, b. Consumers buy want, based on desire and price, and c. Pricing is based on demand and profit.
3. Households - where and how consumers make decisions