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What are the key characteristics of the US economic System?

What are the key characteristics of the US economic System?. Ms. Ramos Alta Loma High School. America is a free-enterprise system. Ms.Ramos. http://www.tianet.org/AM/Template.cfm?Section=Home&TEMPLATE=/CM/ContentDisplay.cfm&CONTENTID=5437. Economic Freedom. Laissez-faire Work Buy Sell.

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What are the key characteristics of the US economic System?

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  1. What are the key characteristics of the US economic System? Ms. Ramos Alta Loma High School

  2. America is a free-enterprise system Ms.Ramos http://www.tianet.org/AM/Template.cfm?Section=Home&TEMPLATE=/CM/ContentDisplay.cfm&CONTENTID=5437

  3. Economic Freedom • Laissez-faire • Work • Buy • Sell freeenterprisepac.com Ms.Ramos

  4. Competition • Firms are free to compete • Consumers benefit http://www.product-reviews.net/2007/09/27/mcdonalds-vs-burger-king-vs-kfc-who-is-better/ Ms.Ramos

  5. Equal Opportunity • Legal right to seek education & compete in marketplace http://www.heartlandcomm.com/eoe.aspx Ms.Ramos

  6. Binding Contracts • Right to enter & legal nononsenselaw.com Ms.Ramos

  7. Property Rights • Right to sell, buy, & control the use of our “property” blog.rumrelllaw.com http://zunia.org/post/intellectual-property-and-developing-countries/ Ms.Ramos

  8. Profit Motive • $$$ drives free enterprise • Provides incentive to work and create new businesses 3sigma.com Ms.Ramos

  9. Limited Government • Protect property rights • Promote general welfare • Preserve competition • Protect consumer, worker, environment • Stabilize the economy Ms.Ramos

  10. socialstudieshelp.com Ms.Ramos

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