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WorksheetsPillars of Free Enterprise
Total questions: 10
Worksheet time: 7mins
Match each of these terms with their definitions
businesses are run by individuals rather than the government
private enterprise
private enterprises operate for the purpose of making money
profit motive
more than one company performing a similar service or selling similar goods
competition
citizens can own their own stuff
private property
the power to spend your money the way you want
customer sovereignty
Coke vs Pepsi vs RC vs generic
private enterprise
profit motive
competitition
private property
customer sovereignty
Everybody wants to make money.
private enterprise
profit motive
competitition
private property
customer sovereignty
Jennifer wants to buy a computer.
She checks the power and specifications for each computer and decides which one she wants to buy.
private enterprise
profit motive
competitition
private property
customer sovereignty
KFC, Church's, Bush's, Popeye's
private enterprise
profit motive
competitition
private property
customer sovereignty
The government cannot take ownership away from something you own.
private enterprise
profit motive
competitition
private property
customer sovereignty
Julio wants to start a business washing neighborhood cars to make money.
Which two Free Enterprise pillars does this scenario fit under?
private enterprise
profit motive
competitition
private property
customer sovereignty
Angela just bought a new car!
It belongs to her and no one else, because she bought it.
private enterprise
profit motive
competitition
private property
customer sovereignty
A family decides to design and produce Christian themed T-shirts.
Another family says, "What a great idea!" and also decides to create and sell Christian themed T-shirts.
This is an example of which of the following? Choose the best answer.
private enterprise
profit motive
competitition
private property
customer sovereignty
Match the statement with its pillar of free enterprise.
Jimmy starts a company selling stinky widgets.
private enterprise
Jimmy wants to make money selling stinky widgets.
profit motive
Eddie starts a company selling stinky widgets that takes business away from Jimmy.
competition
Whoever buys the stinky widget owns the stinky widget.
private property
Customers can choose whether they buy Jimmy's stinky widget, Eddie's stinky widget, or no one's, because they think stinky widgets are a waste of money.
customer sovereignty
