American free enterprise - PowerPoint PPT Presentation

The American Free Enterprise System

The American Free Enterprise System. Chapter 3. Section I. Advantages of the Free Enterprise System. The U.S. is pushed by a Capitalist System Capitalism-producers are free to produce the goods/services the consumers want Free Enterprise System Consumers influenced by their economic wants

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Flow Chart – American Free Enterprise, pgs. 52-53

Flow Chart – American Free Enterprise, pgs. 52-53. American Free Enterprise. Economic Freedom. Property Rights. Profit Motive. Voluntary Exchange. Competition. Open Opportunity. Definition. Definition. Definition. Definition. Definition. Definition. Benefits. Benefits. Benefits.

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ECONOMIC SYSTEMS

ECONOMIC SYSTEMS. Types of Systems. Traditional Economies- the allocation of scarce resources comes from ritual, habit, or custom Command Economies- a central authority ( governement ) makes almost all the What, How, and For Whom economic decisions

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