Characteristics of Free Enterprise

By Shayden Hughes

This Picture illustrates how as an individual you are not bound by anyone to do anything we don't want to/need to, money and economy wise.

Voluntary Exchange

Voluntary exchange is all about both parties benefiting from a mutual trade. This picture shows that.

Private Property

This picture shows a man and his property in the days when slavery was legal. You can do anything with your "property that you want.

Profit Motive

Businesses ultimate goal is to make money in a Capitalist economy. So we got this fat cat business owner who has lots of fat stacks.

Competition

Competition is when two or more things compete for the same thing. In the case of economy that is usually profit or resources.

Actors of Free Enterprise

Effects of Capitalism on consumers/entrepreneurs

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