1. Create a PowerPoint that illustrates the Basic Principles of Free Enterprise You must:
a) Define the concept/term
b) Give a visual by providing example of a business utilizing the concept principle
c) Explain how the business practice illustrates the basic principle concept
The Basic Principles are the following:
1. Free Enterprise
2. Competition
3. Profit Motives
4. Consumer Sovereignty
5. Contracts
6. Private property/ intellectual property