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Free Enterprise

Free Enterprise. Chapter 7. Free Enterprise. Main cause of Revolution Colonists resentment towards British mercantilism (British making colonists buy only British goods) Before the war, the British economy was weakened due to boycotts

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Free Enterprise

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  1. Free Enterprise Chapter 7

  2. Free Enterprise • Main cause of Revolution • Colonists resentment towards British mercantilism (British making colonists buy only British goods) • Before the war, the British economy was weakened due to boycotts • Colonists now had the opportunity to make more economic choices • Mercantilism ending allowed for free enterprise to develop

  3. Free Enterprise • Free enterprise • Business can be based on the choices of the individuals • Competition encourages businesses to improve goods • Individuals, not government, decide what to manufacture and sell • Desire to make a profit motivates people • Government protects private property and makes sure businesses operate fairly

  4. Free Enterprise Competing Brands: Dasani: Expertly purified water Eco Friendly design Sold by Coca-Cola Evian Naya Pacifica Island Spring

  5. Free Enterprise • iPod Touch • Competing prices: • Best Buy- 199.99 • Target- 195.00 • Wal-Mart- 188.95

  6. Homework Assignment • Find a newspaper, then cut out 2 different advertisements (for a similar product) and paste them notebook paper • Or find 2 online advertisements (for a similar product) and print them out • Bring them in to class on Monday • We will discuss/determine whether it is brand competition or price competition

  7. Free Enterprise

  8. Questions • Take out your advertisement and answer the following questions in complete sentences 1. What is your product? 2. Is it competing brands, prices, or both? List brands/prices. 3. How does this show free enterprise? When you are done: hold on to your paper and wait until everyone is finished, we will discuss

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