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    Free Enterprise and the

    American System

    Free Enterprise 

    Overarching Question:

    How does the free enterprise system of the United States operate?

    Previous Unit:

     

    Economic Foundations and

    Economic Systems

     

     

    This Unit:

     

    Free Enterprise and the

    American System

    Next Unit:

     

    Consumerism
    Debt
    Investment
    Finance

     

      

      

    Pillars 

     

     

    Questions to Focus Assessment and Instruction:

    1. Describe how individuals and businesses earn income by selling productive resources

    2. Draw the circular flow of economics model and be able to illustrate the relationship between households, business, financial institutions, and government

    3. Draw the circular flow of economics model and be able to explain how the performance of one sector can influence the other sectors

    4. Identify the three macroeconomic goals of an economic system (stable prices, low unemployment, and economic growth

    5. Compare and contrast the policies the federal government uses to achieve macroeconomic goals

     

    Vocabulary:
    individuals
    income
    productive resources
    firms
    macroeconomics goals
    federal government
    stable prices 
    private enterprise
    competition
    private property
    profit motive
    consumer sovereignty
    free enterprise
    capitalism

     

     

     

     

     Lessons:


Last Modified on February 14, 2018