Dates
When is American Enterprise Day?
November 15
What is the free enterprise system all about?
When supply is low, demand is ____
High
Businesses do not have to pay taxes on American Enterprise day T/F
False
When was the AEA founded? (hint: before American enterprise day)
1938
Free enterprise allows businesses to (generally) be ______ by the goverment
Unrestricted
Free enterprise allows more brands and variety of products to prevent ______
Monopolies
Someone who takes a risk and makes their own business based on their desire is an ______
Entrepreneur
When was Free Enterprise day first created?
1980
Name 4 main principles of free enterprise:
freedom for individuals to choose businesses, the right to private property, profits as an incentive, competition, and consumer sovereignty
Free enterprise follows the economic system of _____
Capitalism
When do businesses start to profit?
2 years