Economic Freedom

This picture is showing the many things economic freedom allows us to do.  We have the freedom to exchange goods, create a market, and start our own business.

Voluntary Exchange

Voluntary exchange is the act of buyers and sellers freely and willingly engaging in market transactions.  This picture demonstrates voluntary exchange because they are both trading each other items they need willingly.

Private Property Rights

Private property rights allow people to own and control their possessions as they wish.  People have the right to use or even abuse their property as long as they do not interfere with the rights of others.  This picture demonstrates private property rights because someone has put up a sign to warn others that they don't want anyone on their land.

Profit Motive

Profit motive is the incentive that encourages people and organizations to improve their material welling being.  This picture is demonstrating profit motive because you need a company and income as an incentive for people to want to do a good job and improve the company.


Competition is the struggle among seller to attract consumers.  This picture demonstrates competition because the businesses have a representative running to obtain a goal to further their business.

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