US Economic System

US Economic System

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  • US Economic Systems
  • Private property  Freedom of choice Profit Competition
  • This is my property and I can choose to do whatever I want with it !
  • I have freedom of choice and can therefore work where I want to.
  • In order to make money, I must make profit! Profit is the money left from sales after subtracting all the costs of operating the business. 
  • Profit
  • My business is way better than yours! The quality of our products are superior.
  • Caution! Competition between businesses!
  • I clearly win this competition. This is why I get more customers than you! 
  • Do you remeber the four principles to the US economic system? 
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