Free enterprise

free market economy in which private citizens own the factors of production

• competition

• capitalism

• free enterprise

• voluntary exchange

struggle among sellers to attract consumers by offering the best prices

• consumer

• capitalism

• free enterprise

• competition

American economy

• socialism

• communism

• free enterprise

• me economy

person who organizes and operates a business or businesses, willing to take on greater risk

• entrepreneur

• captain of industry

• CEO

• OCM

Person who purchases goods and services for personal use

• customer

• consumer

• entrepreneur

• self-interest

an economic system combining private and public enterprise

• free enterprise

• market economy

• mixed economy

• regulation

act of buyers and sellers freely and willingly engaging in market transactions

• purchasing

• voluntary exchange

• self-interest

• consumption

property owned by individuals or companies, not by the government or the people as a whole

• private property

• public domain

• GDP

• free enterprise

one's own personal gain; the motivating force in the free market

• entrenpreneurship

• private property

• self-interest

• personal gains

making the best use of scarce resources

• economic efficiency

• self-interest

• economic stability

• opportunity cost