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What are the key characteristics of the US economic System? Ms. Ramos Alta Loma High School
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America is a free-enterprise system http://www.tianet.org/AM/Template.cfm?Section=Home&TEMPLATE=/CM/ContentDisplay.cfm&CONTENTID=5437 Ms.Ramos
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Economic Freedom Laissez- faire Work Buy Sell freeenterprisepac.com Ms.Ramos
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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
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Equal Opportunity Legal right to seek education & compete in marketplace http://www.heartlandcomm.com/eoe.aspx Ms.Ramos
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Binding Contracts Right to enter & legal nononsenselaw.com Ms.Ramos
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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
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Profit Motive $$$ drives free enterprise Provides incentive to work and create new businesses Ms.Ramos 3sigma.com
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Limited Government Protect property rights Promote general welfare Preserve competition Protect consumer, worker, environment Stabilize the economy Ms.Ramos
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socialstudieshelp.com Ms.Ramos
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