Free Enterprise System

Free enterprise means people have the opportunity to own economic resources.

• True

• False

People create ________ and __________ for sale.

• goods/services

• fruits/vegetables

• money/quarters

• businesses/products

People can create businesses for sale.

• True

• False

What are the building blocks?

• ABCD, 1234

• Money, quarters, gold, and diamonds

• Households, businesses, markets, and governments

• Businesses, products, jobs

Who starts businesses?

• Government

• Entrepreneurs

• Kings

• The Bank

The Price System connects consumers, producers, and markets.

• True

• False

Who defines and enforces the rules of society?

• Households

• Businesses

• Markets

• Governments

Who owns most of the country's economic resources?

• Households

• Businesses

• Markets

• Governments

Who organizes economic resources?

• Households

• Businesses

• Markets

• Governments

Where does the buying and selling take place?

• Households

• Businesses

• Markets

• Governments