Free Enterprise

American way

• Land of opportunity• Protected by Constitutional Rights• Property Rights/Taxation only by Constitution• PROFIT MOTIVE- increase individual wealth and

standard of living• OPEN OPPORTUNITY- mobility in economy• ECONOMIC RIGHTS- legal equality, private

property rights, free contract agreements, voluntary exchange, competition

Free Enterprise

• Consumers- ability to meet wants and needs and let markets know these things.

• Interest groups- private organizations that try and persuade public policy

• GOVERNMENT-Protect consumers/ economy• Public disclosure laws• Public interest- health, safety, well being• EPA, EEOC, FTC, FDA, OSHA