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Hook:
DOL:
Match the following definitions:
A. Limited-Government
B. Profit Motive
C. Private Property
D. Free-Enterprise
E. Competition
Can government regulate how we trade?
1. Your house or business is yours and not the governments
2. The economic system in which business can take home a profit
3. People want as much money as possible
4. Businesses have this to see who can get the most profit
5. The government doesn't interfere too much in the economy
Today we are going to learn...
How Free- enterprise works and why the colonists preferred Free- enterprise over Mercantilism
would the government ever stop you from making more money?
Short- answer:
If you were a businessman or woman during the colonial times would you have preferred Mercantilism or Free- enterprise? In your answer use Profit, Competition, Motherland, limited government intrusion.
I would prefer...
Do Now:
The drive for profit...
Profit is the money that businesses and people make. "The money you take home"
1. Draw a symbol for Raw Material.
2. Draw a symbol for Manufactored goods.
3. During colonial times who made manufactored goods?
On your desk you have 5 words... Write the letter that goes with your word with the correct picture.
- Write these 5 words into your notebook as well (as we go through, draw a symbol)
What are some of the biggest company's in America?
What is something they share in common?
No.
Because of limited government, we are able to have free-enterprise. The government does not interfere too much into the economy (except for taxing).
Taxes
(Gov.)
Profit for
you.