Lesson 3-5 – Private Enterprise System & US Economy скачать в хорошем качестве

Lesson 3-5 – Private Enterprise System & US Economy

Learn how the private enterprise system works in the US economy. This lesson breaks down the four economic systems, the profit motive, supply and demand, and the role of government and the Federal Reserve. See how capitalism compares with socialism and communism, then weigh real pros and cons of a free market. Use this to prep for class, sharpen your notes, or review for a test. 0:00 Intro 0:16 Core questions, systems 1:16 Communism and socialism 2:21 Key differences 3:02 US capitalism 3:37 Profit and freedom 5:39 Government role 7:04 Mixed economy 8:35 Pros and cons 10:35 Recap