Transcription of Chapter 3: American Free Enterprise Section 1 - jb …
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Chapter 3: American free Enterprise Section 1. Objectives 1. Define the basic principles of the free Enterprise system. 2. Describe the role of the consumer in the American economy. 3. Identify the constitutional protections that underlie free Enterprise . 4. Explain why the government may intervene in the marketplace. Chapter 3, Section 1 Copyright Pearson Education, Inc. Slide 2. Key Terms profit motive: the incentive that drives individuals and business owners open opportunity: the principle that anyone can compete in the marketplace legal equality: the principle that everyone has the same legal rights private property rights: the principle that people have the right to control their possessions and use them as they wish Chapter 3, Section 1 Copyright Pearson Education, Inc.
Chapter 3: American Free Enterprise Section 1 Chapter 3: American Free Enterprise Section 1
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Learning objectives, Chapter, Objectives, Chapter Objectives Key Terms, Overview of the Research Process, CHAPTER 3, Chapter 1100 Practical Design, CHAPTER 5 APPROACHES TO BUDGET REFORM, CHAPTER 5 APPROACHES TO BUDGET REFORM Chapter, Chapter 6 Oxidation-Reduction Reactions, Chapter 6 – Oxidation-Reduction Reactions, Balkan economies underwent a structural, Balkan economies underwent a structural shift