Assignment:
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 princi
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
The PowerPoint must also contain the answers to the 3 basic economic questions of what is produce, how it's produced, and for whom to produce