Freedom to choose your job, employer, and how to spend your money.
This photo shows economic freedom because she is deciding how she wants to spend her money.
Act of buyers and sellers freely and willingly engaging in market transactions
This picture is an example of how an exchange maybe happen. The farmer and the repair man are exchanging services.
Private Property Rights
Allows individuals to own and control their possessions as they wish
This cartoon depicts a person protecting their home from the government.
Incentive that encourages people and organizations to improve their financial and material well-being.
This picture goes with profit motive because it is the incentive for financial well-being.
The struggle among sellers to attract consumers
This shows competition because each person is trying to climb to be the most successful business