chapter+3+homework

==== __**55 1-6**__ ==== 1.vocab a) profit motive - makes companies work harder to make get the most "consumer friendly" product b) voluntary exchange - allows customers to buy what they feel is the most appropriate product c) private property rights - allows companies to produce the products and consumers consume them without fear of govt. taking over d)competition - forces companies to make a better more affordable product for consumers so that they make sales

2. The rights to life liberty and property, pursuit of happiness, and freedom are all constitutional guarantees that underlie american free enterprise system.

3. Three benefits of a free enterprise system are: a. competition makes prices vary and gives customers choices to buy less expensive products. b. customers are able to purchase whatever they want to and be able to choose what store prices. c. when the government interferes with everyone at once things can get crazy

4.if the government had a greater role in the economy we would loss the chance to control companies that are made by the people.

5.they help companies know what products to make and how much of them to make.

6. still don't understand this ?

page 60 3.2 1-6  turned in on paper

<span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">page 66 3.3 1-5 <span style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">1: