Characteristics of Free Enterprise
By: Allison Hendrickson
Economic Freedom: I think this photo represents economic freedom because economic freedom is not only just about being able to buy whatever you want. It also means that you can choose what you want to do as a job or you can choose who you want to work for.
Voluntary Exchange: It is when trade goods and services, sometimes money is involved but not always.
Private Property: This one is self explanatory, on private property people can do what ever they want on it as long as they don't interfere with other's rights.
Profit Motive: How I think this photo ties in with profit motive is when you are basically taking a gamble at something like a business idea and hoping it works and you are able to make money out of it.
Competition: When it comes to having a business you want to be better than your competitors so you can get the most costumers and have a more successful business.
Here is what I think is a good summary of what an entrepreneur is.