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

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Presentation on theme: "What are the key characteristics of the US economic System? Ms. Ramos Alta Loma High School."— Presentation transcript:

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

2 America is a free-enterprise system http://www.tianet.org/AM/Template.cfm?Section=Home&TEMPLATE=/CM/ContentDisplay.cfm&CONTENTID=5437 Ms.Ramos

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

4 Competition Firms are free to compete Consumers benefit http://www.product-reviews.net/2007/09/27/mcdonalds-vs-burger-king-vs-kfc-who-is-better/ Ms.Ramos

5 Equal Opportunity Legal right to seek education & compete in marketplace http://www.heartlandcomm.com/eoe.aspx Ms.Ramos

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

7 Property Rights Right to sell, buy, & control the use of our “property” Ms.Ramos http://zunia.org/post/intellectual-property-and-developing-countries/ blog.rumrelllaw.com

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

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

10 socialstudieshelp.com Ms.Ramos


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