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Chapter 4 The Private Enterprise System

AB
Private Enterprise SystemOur economic system is often called this?
MotivationsForces that cause businesses to act.
CompetitionContest between businesses to win customers
ProfitThe amount of money left over after a business has paid for the cost of producing its goods or service.
Social ResponsibilityActing resonsible and fair way toward their employees and society as a whole.
Green Productsitems produced with less negative impact on the environment.
Freedom to BuyOne of the three things that distinquish the US economic system
Business owners, employees, government and societyWho benefits from the actions of businesses.


Business Education Teacher
Octorara Area High School
Atglan, PA

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