Economics 2 2

Chapter 2 Economic Systems and Decision Making, part 2

2-1: Economic Systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],2-2: Evaluating Economic Performance

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2-3: American Free Enterprise ,[object Object],[object Object],Economic Freedom People are free to choose their jobs, employers, and how to spend their money. Voluntary Exchange Buyers and sellers may engage freely and willingly in market transactions. Profit Motive People and organizations can improve their material well-being by making money. Private Property Rights People may control their possessions as they wish. Gives people incentive to work, save, & invest. Competition Producers and sellers compete with one another to attract consumers.

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Economics 2 2

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Economics 2 2