Business, 21.04.2020 16:18 gshreya2005

1. Private Property: something gives you the right to and it. A person can’t make a without the right to own property. 2. Markets & Prices: Buyers and sellers freely exchange goods and services on the . The Market forces of Supply and Demand will determine the price. 3. Incentives: People’s own self-interest can them to produce a good or service in hopes of making a . Self-interest motivates consumers who satisfy their wants and needs at the best possible . 4. Freedom of Choice: People are free to choose what to and what to . The choices that producers and consumers make determine what and are available. 5. Competition: Producers with each other for by trying to produce goods and services that are more attractive and for the right . 6. Limited Government Role: The can’t make rules about what and how much gets . The government’s main role is to make sure the is fair and producers have a chance to .

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1. Private Property: something gives you the right to and it. A person can’t make a without the...

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