American Free Enterprise System

Front

In the United States, you may_______________.

Back

start your own business to meet a need, decide what fees to charge for a service or product, own and run any business as long as the laws are obeyed.

Front

How consumers choose to spend their money causes business firms of all kinds to________

Back

produce certain goods and services and not others.

Front

Any form of wealth such as cash, stock, buildings, machinery, and land are all forms of capital.

Back

True

Front

The concept that people may decide what agreements they want to enter into.

Back

Free contract

Front

direct payments of money to eligible poor people

Back

Cash Transfers

Front

The exclusive legal right, given to an originator, to print, publish, perform, or film their literary, artistic, or musical material.

Back

Copyright

Front

laws requiring companies to provide full information about their products.

Back

Public Disclosure Law

Front

the total value of all final goods and services produced in a particular economy

Back

Gross Domestic Product

Front

The concept that people may decide what agreements they want and when they want to buy and sell.

Back

Voluntary exchange

Front

The part of the economy that involves the transactions of the government

Back

Public Sector