The Free Enterprise System's Quiz

Front

Economic system with private ownership

Back

Capitalism

Front

Ability to participate in the market by free choice

Back

Open Opportunity

Front

Force driving economic improvement

Back

Profit Motive

Front

Money left after costs

Back

Profit

Front

Products provided by governments

Back

Public Goods

Front

Avoids payment but benefits

Back

Free Rider

Front

Externality imposing costs on others

Back

Negative Externality

Front

Externality creating benefits for non-participants

Back

Positive Externality

Front

Government payment for public benefit

Back

Subsidy

Front

Situation with equal economic rights

Back

Legal Equality