3.4 🚀Exit Ticket: Characteristics and Benefits of the Free Enterprise System

(6) Economics. The student understands the basic characteristics and benefits of a free enterprise system. The student is expected to:

(A) explain the basic characteristics of the U.S. free enterprise system, including private property, incentives, economic freedom, competition, and the limited role of government

(B) explain the benefits of the U.S. free enterprise system, including individual freedom of consumers and producers, variety of goods, responsive prices, investment opportunities, and the creation of wealth