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What are the components of Capitalism?
Freedom, Private Property, Profit Motive, Competition, and Consumer Sovereignty.
What are four principles of the US economic systems?
The four Pricipals of the Economic Systems are:-Private Property-Freedom Of Choice-Profit-Competion
List the three fundamental principles of a free-market system?
private property, profit motive, competition
What four things make the market system work in economics?
Competition, profit, private property, and freedom of exchange.
What characteristics does a capitalistic society have?
Choices in products and services, the profit motive, private ownership of property.
What are the components of Capitalism?
Freedom, Private Property, Profit Motive, Competition, and Consumer Sovereignty.
What are four principles of the US economic systems?
The four Pricipals of the Economic Systems are:-Private Property-Freedom Of Choice-Profit-Competion
List the three fundamental principles of a free-market system?
private property, profit motive, competition
What four things make the market system work in economics?
Competition, profit, private property, and freedom of exchange.
The three basic characteristics of a capitalist system are?
private property, a market system, and worker freedom
What characteristics does a capitalistic society have?
Choices in products and services, the profit motive, private ownership of property.
What are the three pillars of capitalism and why are they important?
1. Private property rights. 2. Free market economy, private control of the means of production 3. The right to a profit incentive
What are the four factors underlying the free enterprise system?
There are four factors underlying a free enterprise system. They include private ownership of property, competition between businesses, individual initiative, and profit.
What are some personal characteristics of the US?
this are the characteristics of u.s economy,free market,private property,profit,competition, and consumer sovereignty.
Three characteristic of the free enterprise system?
economic freedom, private property, voluntary exchange, the freedom of profit motive
What are the 7 features of American free enterprise?
Economic Freedom Competition Private Property Contracts Self-Interest Voluntary Exchange Profit Motive
What are components of the free enterprise system?
there are four components of the free enterprise system which include: competition, the pursuit of profit, private property and the right to choose.
