Characteristics of Free Enterprise Capitalism

By: Brady Need

Economic Freedom

Economic Freedom allows us as citizens to make our own economic choices such as our occupations.

Voluntary Exchange

Voluntary Exchange allows buyers and sellers to interact how they choose, Farmers Markets are a great example.

Private Property Rights

Private Property Rights allow people to own and controll their possesions how they choose.

Profit Motive

Profit Motive encourages people to improve their material well-being with hopes of incentives to come.

Competition

Competition is the struggle of sellers to attract buyers.

"America does not promise you success, it just promises you the opportunity to succeed." I feel this statement from the video is a great short summary of American Free Enterprise. Just because you live in America, that alone does not mean that you will be successful in your life. It still takes hard working American producers who sacrifice so much just to be successful in life. Without these hard working producers in our economic system, I think the idea of our Free Enterprise system would have died off many years ago.

Comment Stream

2 years ago
0

I like the part in this video that says America is built on self determination and is the most charitable country in the world. I feel like this could be linked to my video, where an entrepreneur is trying to help others. I think this is a lot of entrepreneurs' goals. They don't just want to make money, but also find a way to help others in need and really improve society, and they find a creative way to do it. If their product or service is successful, then they will also be able to make a profit.

2 years ago
0

I like your picture usage and explanation of your video which is something that definitely frustrates hundreds of people who think along the lines that the American Dream is something that is handed to us. An argument can be made that the American Dream has been "stolen" from us in recent years but that's a different topic.

2 years ago
0

You had good representation with your pictures to the points, but i also enjoyed your video how it shows the work that entrepreneurs have to put in to make it.

2 years ago
0

I liked the pictures that you used with the topics and I think the video did a really good job explaining that entrepreneurs don't just do things for themselves, they make things in order to help other people. I think it's important that it pointed that out because if the entrepreneurs weren't producing things that people want, it will not benefit them because no one is going to buy the things they are producing.

2 years ago
0

This video really is informational and it makes you think about how we as America got to where we are today! "America doesn't guarantee success it promotes opportunity" is my favorite line. It really describes America in full. Not everyone who came to America succeeded, there were many failures in this country and there still are failures. But that doesn't stop Americans from trying their hardest. I also really liked the cats:)