By: Antonio Briseno
The invisible hand
2.) Profit Motive- this is one of the few economies that allows for people to get rich on their own and make profits.
3.) Scarcity- in this economy it runs on supply and demand
Aspects of Free Enterprise Economy
Are able to organize their own goods and services, and individuals are able to create their own goods to sell for profit.
The market is a place for buyers and sellers to meet and exchange goods. The sellers or consumers buy based on desire and price. And the price is based on the demand and profit for the good.
This is where and how consumers make decisions.
The government in a free enterprise economy provides protection for consumers and businesses, but has safety regulations so that the government does not have too much power.
Conclusion and Incentives
Here's why your country should try free enterprise too...In a free enterprise economy there is a big incentive to work hard and make your own business, because as a owner you get to keep all the money you earn. For instance if you had a sandwich shop and you wanted to work overtime to attract more customers you would get the money for doing the extra work.