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.
The act of buyers and sellers freely and willingly engaging in market transactions. Moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred.
A legal designation of the ownership of property by non-governmental legal entities. Private property is distinguishable from public property, which is owned by a state entity; and collectiveproperty, which is owned by a group of non-governmental entities.
I chose this photo because I describes private property the the legal actions with it.
The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix: price, product, distribution, and promotion.
I chose this imagae, because with out economic competition we wouldn't be pushed to to do more or better in the economic aspect of country.
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Donald John Trump, Sr. is an American businessman, investor, television personality and author. He is the chairman and president of The Trump Organization and the founder of Trump Entertainment.