Title: 
Headings: ESSENTIAL  QUESTION
ESSENTIAL
 
 
QUESTION

Reading
 
HELPDESK

Academic
 
Vocabulary

Content
 
Vocabulary
 

Key
 
Ideas
 
and
 
Details

Benefits
 
of
 
Free
 
Enterprise
 
Disadvantages
 
of
 
Free
 
Enterprise

Characteristics
 
of
 
Free
 
Enterprise
 
Capitalism

Guiding
 
Question
  
How
 
does
 
the
 
American
 
economy
 
incorporate
 
the
 
main
 
characteristics
 
of
 
a
 
free
 
enterprise
 
economy?

Economic
 
Freedom

Voluntary
 
Exchange

Private
 
Property

Profit
 
Motive

Competition

Reading
 
Progress
 
Check

Benefits
 
of
 
Free
 
Enterprise
 
Capitalism

Individual
 
Freedom


 
Variety
 
of
 
Goods

Exploring
 
the
 
Essential
 
Question

Adapting
 
to
 
Change

Promoting
 
Progress

Creation
 
of
 
Wealth

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Progress
 
Check
 

Disadvantages
 
of
 
Free
 
Enterprise
 
Capitalism

Guiding
 
Question
  
What
 
are
 
the
 
weak
 
points
 
of
 
the
 
free
 
enterprise
 
economy?

Uneven
 
Economic
 
Growth

Growing
 
Gaps
 
Between
 
Rich
 
and
 
Poor

Large
 
“Supply-Side”
 
Tendencies

Rights
 
and
 
Responsibilities
 
of
 
Business

Reading
 
Progress
 
Check
 


Content: This
 
is
 
because
 
the
 
WHAT
 
to
 
produce
 
question
 
is
 
guided
 
by
 
the
 
government. The
 
government
 
is
 
much
 
more
 
likely
 
to
 
keep
 
under-performing
 
companies
 
going,
 
rather
 
than
 
move
 
resources
 
to
 
other,
 
more
 
useful
 
activities. Competition
Capitalism
 
thrives
 
on
 
competition—the
 
struggle
 
among
 
sellers
 
to
 
attract
 
the
 
most
 
consumers. Competition
 
is
 
possible
 
because
 
businesses
 
and
 
entrepreneurs
 
have
 
the
 
freedom
 
to
 
produce
 
what
 
they
 
think
 
will
 
be
 
the
 
most
 
profitable. Free
 
enterprise
 
capitalism
 
allows
 
competition
 
to
 
thrive. This
 
benefits
 
both
 
producers
 
and
 
consumers. Competition
 
benefits
 
consumers
 
by
 
ensuring
 
that
 
unpopular
 
products
 
will
 
cease
 
to
 
be
 
produced. Competition
 
also
 
benefits
 
consumers
 
by
 
ensuring
 
that
 
producers
 
always
 
work
 
to
 
bring
 
newer,
 
better,
 
and
 
less
 
expensive
 
products
 
to
 
market. Competition
 
benefits
 
the
 
economy
 
by
 
ensuring
 
that
 
the
 
most
 
efficient
 
producers
 
of
 
a
 
product
 
survive,
 
while
 
the
 
least
 
efficient
 
producers
 
fail
 
or
 
try
 
to
 
produce
 
dif