Characteristic of Free Enterprise
By Cory Disinger
Economic Freedom is the key to greater opportunity and an improved quality of life. It's the freedom to choose how to produce, sell, and use your own resources, while respecting others' rights to do the same.
This picture is describing all the things that we have or can get with an economic freedom.
The act of buyers and sellers freely and willingly engaging in market transactions
This photo is explaining how we can volunteer to exchange for something we need with someone else who has what we need.
Private Property Rights
Allow people to own and control their own possessions as they wish.
In this photo there is a no trespassing sign which means it's private. But the land is poorly kept and abused.
Profit Motive The incentive that encourages people and organizations to improve their material well being.
This picture is explaining if you have to much of something your profit motive will be low. But if you have the right amount it will be high.
The struggle among sellers to attract consumers.
This picture is explaining how businesses fight for people' attention to buy there product and its a race to see who gets there first.