What are the key characteristics of the US economic System? Ms. Ramos Alta Loma High School.

Slides:

Advertisements

Similar presentations

The Fundamentals of Capitalism

Advertisements

3-1: Advantages of free enterprise

Ms. Ramos Alta Loma High School

Capitalism and Free Enterprise

Economic Systems: Directions

American Free Enterprise

American Free Enterprise. Land of Opportunity… American success due to: – Open land – Abundant natural resources – Talented labor supply fueled by immigrants.

American Free Enterprise

Chapter 3: American Free Enterprise Section 1

American Free Enterprise

The Basic Principles of Free Enterprise

Benefits of Free Enterprise (Ch. 3-1)

America’s Economic System What are the benefits of America’s free economic system? What role does government play in the American economic system? What.

200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt 200pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt.

Economics Chapter 2 REVIEW

The Free Market.  What is a Market?  Market - an arrangement that allows buyers and sellers to exchange things.  What is a Market?  Market - an arrangement.

Today’s Warm Up Answer on your warm up/exit ticket sheet (additional sheets are by the turn-in tray if needed) How do you think the U.S. Constitution compares.

Chapter 3.1 Benefits of Free Enterprise Anthony Canales.

Chapter 3: American Free Enterprise Section 1

The Market Economy Part 1 (Adam Smith) 1234 The Market Economy Part 2 (Characteristics) Specialization Entrepreneurs

I. Economic and Social Goals 1. economic freedom 1. economic freedom 2. economic efficiency 4. economic equality 4. economic equality 5. economic security.

Bellwork Write Five sentences about how you feel about your performance in the class so far.

Economics: American Free Enterprise Chapter 2 Section 1.

Capitalism and Economic Freedom.  A. Capitalism is a market economy in which private citizens own the factors of production. In a free enterprise system,

Evaluating Economic Performance and Capitalism Chapter 2.

Capitalism Chapter 19 Lesson 3. Capitalism System where private citizens own and use the factors of production in order to seek a profit.

Capitalism and Free Enterprise Market economy is based on capitalism – Capitalism thrives on competition – Free enterprise is another term to describe.

Economic and Social Goals of the United States Benchmarks- did the system meet the needs of the people?

Advantages of the Free Enterprise System

Free Enterprise. American way Land of opportunity Protected by Constitutional Rights Property Rights/Taxation only by Constitution PROFIT MOTIVE- increase.

Free Markets: Why do Markets Exist? Market  allows buyers and sellers to exchange things Markets exist because none of us produces all we require Specialization.

Capitalism. Free Enterprise is the freedom of individuals and businesses to operate and compete with a minimum of government interference or regulation.

Chapter 3SectionMain Menu Several key characteristics make up the basic principles of free enterprise. 1. Profit Motive The drive for the improvement of.

The Free Enterprise Chapter Analyze the Free Enterprise.

GREG MARCIAPETERJANBOBBY.

American Free Enterprise Economics Chapter 3. Basic Principles of Free Enterprise Chapter 3: Section 1.

Chapter 3:The American Free Enterprise System Advantages of the Free Enterprise System.

The MIXED economy. Objectives:  Identify key terms that describe capitalism and mixed economies  Describe the role of the government in a free enterprise.

Economic Systems and the American Economy. Economic Systems Why do we, as American consumers, have so many choices?

Ch.2 S.3 Main Idea: Under capitalism, the basic economic decisions are made through the free interaction of individuals looking out for their own best.

CAPITALISM, FREE ENTERPRISE, & MARKET ECONOMY. What is Capitalism?  The United States was built largely on free markets and private ownership called.

Chapter 2 and 3 Economics Chapter 2 and 3 Economics.

Free Enterprise If there is a fork in the road take it because it’s always good to have more silverware.

The Economic System of the United States I can explain the basic characteristics of the U.S. Free-Enterprise System.

America’s Economic System

Capitalism and Economic Freedom

LIMITED GOVERNMENT “laissez faire” Government involvement in the economy is minimal.

ECONOMIC SYSTEMS Every society has an Economic System: the method used by a society to produce and distribute goods and services → a society determines.

Chapter 3: The American Free Enterprise Systems Section 1: Advantages of the Free Enterprise System pg

Chapter 3 American Free Enterprise

Free Enterprise is the freedom of individuals and businesses to operate and compete with a minimum of government interference or regulation. Capitalism.

The Economy Ch. 2 Sec. 3 Pp

What are the roles of government in our free enterprise economy?

Who or what decides what you get?

American Free Enterprise

Bell Ringer # Why do we, as American consumers, have so many choices?

Benefits of Free Enterprise

Economic Systems SSEF4 Market Economy Answers 3 Questions

Benefits of Free Enterprise

វិទ្យាស្ថានខ្មែរជំនាន់ថ្មីInstitute of New Khmer

Chapter 3: American Free Enterprise Section 1

Economic Systems and the American Economy

Chapter 3: American Free Enterprise Section 1

The United States Economic System

Chapter 3: American Free Enterprise Section 1

Chapter 3: American Free Enterprise Section 1

Chapter 3: American Free Enterprise Section 1

Chapter 3: American Free Enterprise Section 1

Goal 7: Economics & Choices

Presentation transcript:

What are the key characteristics of the US economic System? Ms. Ramos Alta Loma High School

America is a free-enterprise system Ms.Ramos

Economic Freedom Laissez- faire Work Buy Sell freeenterprisepac.com Ms.Ramos

Competition Firms are free to compete Consumers benefit Ms.Ramos

Equal Opportunity Legal right to seek education & compete in marketplace Ms.Ramos

Binding Contracts Right to enter & legal nononsenselaw.com Ms.Ramos

Property Rights Right to sell, buy, & control the use of our “property” Ms.Ramos blog.rumrelllaw.com

Profit Motive $$$ drives free enterprise Provides incentive to work and create new businesses Ms.Ramos 3sigma.com

Limited Government Protect property rights Promote general welfare Preserve competition Protect consumer, worker, environment Stabilize the economy Ms.Ramos

socialstudieshelp.com Ms.Ramos