Social Studies, 20.04.2020 21:03, xinkyx616
Hey, I need help.
1. What is another word used to describe free enterprise?
2. List the five principles on which the U. S economic system of free enterprise is comprised of.
3. List the three sectors on which the circular flow model illustrates.
4. Describe the principle of Freedom to choose businesses.
5. Describe the principle of Right to private property.
6. Describe the principle of Profit motive.
7. Describe the principle of Competition.
8. Describe the principle of Consumer sovereignty.
9. Explain the interactions involving the household sectors of the U. S economy.
10. Explain the interactions involving the business sector of the U. S economy.
11. Explain the interactions involving the government sector of the U. S economy.
Place the correct responses in the blanks using information from the lesson.
Protect
Laws
Right
Entrepreneurs
Interfere
Profit
12. While there are in place to the consumer against businesses that cheat or harm, Americans have the to decide which type of business to own, and basically, make all the decisions about operating the business.
13. In the U. S free enterprise system, ___ have the right to act upon opportunities and try out new ideas and technology.
14. Owners of private property are not permitted to ___ with the property of other people.
15. ___ is the amount of money left over after subtracting business expenses from business income.
Answers: 1
Social Studies, 23.06.2019 06:50, kevin72836
:what kind of government system did augustus create? you~
Answers: 1
Hey, I need help.
1. What is another word used to describe free enterprise?
2. List the...
1. What is another word used to describe free enterprise?
2. List the...
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