Characteristics of Free Enterprise

Maddy Crow

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Economic Freedom

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

Voluntary Exchange

Buyers and sellers freely and willingly engaging in market transactions.


Private Property Rights

People own and control possessions as they wish.

Profit Motive

Because people risk their wealth, we have incentives to encourage people to improve their material well-being by risking some of it.


Competition

The struggle among sellers to attract consumers.

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Comment Stream

2 years ago
0

Under profit motive, I would reword the explanation because it didn't exactly make sense to me! But good job and I like your pictures. I'm unable to watch your video because my computer won't work.

2 years ago
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Great job, but I would look for other pictures to represent voluntary exchange. Their exchange didn't look exactly voluntary!

2 years ago
0

I thought the video was very good and did a great job at what the free economy was all about and why it is so great and beneficial to all americans.

2 years ago
0

I thought the video related to the overall topic and the reason why we have this economy.

2 years ago
0

I think that you did a good job at keeping your explanation short and concise while still getting their meaning across