Free Enterprise.

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Presentation transcript:

Free Enterprise

Free Enterprise Cause of American Revolution= = Colonists resentment towards British mercantilism-British making colonists buy only British goods During the war the British economy was weakened due to boycotts Gave colonists the opportunity to make economic choices End of mercantilism= allowed for free enterprise to develop

Free Enterprise Free enterprise (Capitalism): Business based on the choices of individuals Competition encourages businesses to improves goods Individuals NOT government make decisions on what to manufacture and sell Desire to make a profit motivates people

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Free Enterprise Competing prices: iPod Touch Best Buy- 199.99 Target- 195.00 Wal-Mart- 188.95

Free Enterprise Assignment Compare 2 Ads: Can be price or brand competition Newspapers Magazines Internet *Due: Thursday 2/04*

Ad Example Due: Thursday 2/4

Free-Enterprise Questions 1. What is your product? 2. Is it competing brands, prices, or both? List brands/prices. 3. How does this show free enterprise?