Economic Freedom

The freedom to choose your occupation, employer, and job location

This picture represents economic freedom because it shows a variety of different jobs that are available to people with different skills and interests.

Voluntary Exchange

Freely and willingly engaging in market transactions

This picture represents voluntary exchange because it shows two people making an agreement with money.

Private Property Rights

To own and control possessions as you wish

This picture represents Private Property Rights because everything in your house is locked up and belongs to you.

Profit Motive

The incentive that encourages people and organizations to improve their material well-being

This picture represents profit motive because a business's goal is to make money

Competition

The struggle among sellers to attract consumers

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