Chapter 3 American Free Enterprise Section 1 Ppt Download

Chapter 3 American Free Enterprise Section 1 Ppt Download Objectives define the basic principles of the u.s. free enterprise system. describe the role of the consumer in the american economy. identify the constitutional protections that underlie free enterprise. explain why the government may intervene in the marketplace. 1 chapter 3: american free enterprise section 1 2 objectives define the basic principles of the u.s. free enterprise system. describe the role of the consumer in the american economy.

Chapter 3 American Free Enterprise Opener Ppt Download Chapter 3: american free enterprisesection 1. objectives • define the basic principles of the u.s. free enterprise system. • describe the role of the consumer in the american economy. • identify the constitutional protections that underlie free enterprise. • explain why the government may intervene in the marketplace. The constitution, cont. the constitution also spells out how government can tax individuals and businesses. according to article 1, congress could levy taxes but not until the passage of the sixteenth amendment in 1913 congress could levy an income tax on individuals and businesses. finally, the constitution guarantees people and businesses the. Presentation transcript. american free enterprise chapter 3. chapter 3, section 1. benefits of free enterprise free enterprise economy characterized by private ownership of business with little government intervention. benefits of free enterprise free enterprise key characteristics: 1) profit motive the forces that encourage people to improve. Presentation transcript. american free enterprise chapter 3 section 1 benefits of free enterprise. american free enterprise • objectives: • describe the tradition of free enterprise in the us and the constitutional protection that underlie it. • explain the basic principles of the us free enterprise system. • identify the role of the.