American Free Enterprise Capitalism
Presentation
•
Social Studies
•
12th Grade
•
Practice Problem
•
Easy
ISRAEL ROBLES
Used 6+ times
FREE Resource
1 Slide • 4 Questions
1
2
Multiple Choice
Advantages of a _______ ____________ include a high degree of individual freedom and customer satisfaction, a variety of goods and services, the incentive to take care of private property, and decentralized decision making.
Disadvantages include not providing for basic needs of everyone, a shortage of some services, and a high degree of uncertainty.
Market Economy
Traditional Economy
Command Economy
Ultra Market Economy
3
Multiple Choice
Which circle contains characteristics of a Mixed Economy?
Tradition, government, and markets each answer some of the WHAT, HOW, and FOR WHOM questions.
Central authority makes the major decisions about WHAT, HOW, and FOR WHOM to produce.
Supply, demand, and the price system help people make decisions and allocate resources.
4
Open Ended
What risk does an entrepreneur assume when opening a business in market economy?
5
Open Ended
What are the weak points of the free enterprise economy?
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