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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