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Guided Reading Activity The American Free Enterprise System Lesson 1 American Free Enterprise Capitalism Review Questions Directions: Read each main idea and complete the statements below. Refer to your textbook as you write the answers A. Characteristics of Free Enterprise Capitalism Main Idea: The five characteristics of free enterprise capitalism are economic freedom, voluntary exchange, private property, the profit motive, and competition. 1. An economy based on free enterprise has both and 2. Economic freedom grants the ability to the things you want and where and for whom you want. Businesses can the workers they want and are free to success or failure. 3. In a exchange, buyers acquire items they believe are worth than the money charged, while believe the item sold is worth than the cash paid. Both parties believe they from the transaction. 4. In a capitalistic system, people can do whatever they choose to their property due to Additionally, they have the opportunity to and based on the value of their property. 5. The drives producers to improve their well- being. Because of this, the lure of guarantees a constant supply of goods and services from all kind of producers. 6. Capitalism helps ensure resources are used efficiently by promoting __ among producers.

          Guided Reading Activity
The American Free Enterprise System
Lesson 1 American Free Enterprise Capitalism
Review Questions
Directions: Read each main idea and complete the statements below. Refer to your textbook as you write the
answers
A. Characteristics of Free Enterprise Capitalism
Main Idea: The five characteristics of free enterprise capitalism are economic freedom, voluntary exchange,
private property, the profit motive, and competition.
1. An economy based on free enterprise has both ______ and ______
2. Economic freedom grants the ability to ______ the things you want and ______
where and for whom you want. Businesses can ______ the workers they want and are free to
______ success or failure.
3. In a ______ exchange, buyers acquire items they believe are worth ______ than
the money charged, while ______ believe the item sold is worth ______ than the
cash paid. Both parties believe they ______ from the transaction.
4. In a capitalistic system, people can do whatever they choose to their property due to ______
Additionally, they have the opportunity to ______
and ______ based on the value of their property.
5. The ______ drives producers to improve their ______ well-
being. Because of this, the lure of ______ guarantees a constant supply of goods and
services from all kind of producers.
6. Capitalism helps ensure ______ resources are used efficiently by promoting
______ among producers.

Guided Reading Activity
The American Free Enterprise System
Lesson 1 American Free Enterprise Capitalism
Review Questions
Directions: Read each main idea and complete the statements below. Refer to your textbook as you write the
answers
A. Characteristics of Free Enterprise Capitalism
Main Idea: The five characteristics of free enterprise capitalism are economic freedom, voluntary exchange,
private property, the profit motive, and competition.
1. An economy based on free enterprise has both and
2. Economic freedom grants the ability to the things you want and
where and for whom you want. Businesses can the workers they want and are free to
success or failure.
3. In a exchange, buyers acquire items they believe are worth than
the money charged, while believe the item sold is worth than the
cash paid. Both parties believe they from the transaction.
4. In a capitalistic system, people can do whatever they choose to their property due to
Additionally, they have the opportunity to
and based on the value of their property.
5. The drives producers to improve their well-
being. Because of this, the lure of guarantees a constant supply of goods and
services from all kind of producers.
6. Capitalism helps ensure resources are used efficiently by promoting
among producers.

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