1. Personal Financial Literacy

2. What does “free” mean to you?
Tell your neighbor

3. Free can mean that you get something for nothing.

4. Limited government control means that you are free to choose.
Free can also mean that there are limited or few government controls.
Limited government control means that you are free to choose.
Free

5. What is an enterprise?

6. An enterprise is a business.

7. What do you think is a free enterprise system?

8. Free Enterprise System
In the United States, private businesses are free to make choices about their prices. Business will change prices due to supply and demand. If there is a high demand, prices go up. If there is a low demand, prices go down.
Free Enterprise System

9. Free Enterprise System
In a free enterprise system, private businesses will change their prices so they can compete with other businesses.
Can you think of a business that changes its prices to compete with another business?
Sample responses: Business that sell gas. Online business compete with department stores.
Free Enterprise System

10. Free Enterprise System
What other choices are businesses free to make?
Free Enterprise System

11. Free Enterprise System
Businesses are free to choose what they will produce or what service they will provide.
Free Enterprise System

12. Businesses are free to choose their location.

13. Free Enterprise System
What business would you start if you could?
Free Enterprise System