Free Enterprise Day 1

The ability to buy what you want or what you need.

• Economic Freedom

• Free enterprise

• Profit Motive

• Voluntary Exchange

Jessica shopped for a neckless at five stores, but she didn't buy one until she liked the price.

• Private Property

• Shopping

• Economic Freedom

• Voluntary Exchange

The free exchange of goods and services between buyers and sellers in a market place.

• Voluntary Exchange

• Free enterprise

• Trading

• selling

land or belongings owned by a person or a group and kept for their own use

• Private property

• Profit Motive

• Voluntary Exchange

John visited multiple car dealerships before deciding on the best deal for his new car.

• Private Property

• Shopping

• Economic Freedom

• Voluntary Exchange

Sarah compared prices at different grocery stores before purchasing her weekly groceries.

• Private Property

• Shopping

• Economic Freedom

• Voluntary Exchange

Chris planted watermelon on a patch of land he owns outside of town.

• Profit Motive

• Private Property

• Voluntary Exchange

• Economic Freedom

Brittany worked hard to get a 100 on the test, so she could go to the movies after school.

• Profit Motive

• Voluntary Exchange

• Economic Freedom

• Private Property

John owns a piece of land and uses it to grow crops for his own consumption. What is this an example of?

• Private Property

• Voluntary Exchange

• Profit Motive

• Economic Freedom

When people choose a job, beginning a company or work hard because they can earn money this way.

• Profit Motive

• Economic Freedom

• Voluntary Exchange

• Private Property