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American Enterprise Day

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American Enterprise Day

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  1. AMERICAN ENTERPRISE DAY

  2. THE TYPE OF ECONOMY IN THE U.S There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism. The United States has a capitalistic system.

  3. MIXED MARKET ECONOMY A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

  4. THE LAW OF SUPPLY AND DEMAND The law of supply and demand is based on two other economic laws: the law of supply and the law of demand. The law of supply says that when prices rise, companies see more profit potential and increase the supply of goods and services. The law of demand states that as prices rise, customers buy less.

  5. CAPITALISM Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor.

  6. OTHER FORMS OF ECONOMIES WORLDWID Pellentesque semper enim eu orci efficitur pretium. Proin non sapien elementum, convallis diam sed, dapibus ipsum. Maecenas ut massa ornare, consectetur lorem eu, feugiat purus. Aenean elementum nisl id eros luctus tincidunt. Nunc ac metus eget massa imperdiet molestie. Etiam faucibus turpis eget laoreet iaculis.

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