Basic Principles Of Free Enterprise.

1. Create a PowerPoint that illustrates the Basic Principles of Free Enterprise

You must:

a) define the concept/term

b)give a visual by providing example of a business utilizing the concept princi

c) explain how the business practice illustrates the basic principle concept

 

The Basic Principles are the following:

1. Free Enterprise

2. Competition

3. Profit Motives

4. Consumer Sovereignty

5. Contracts

6. Private property/ intellectual property

 

The PowerPoint must also contain the answers to the 3 basic economic questions of what is produce, how it’s produced, and for whom to produce