<p> PRINCIPLES OF BUSINESS AND MARKETING – MR. SHULTZ FREE ENTERPRISE WORKSHEET</p><p>STUDENT NAME ______DATE ______</p><p>Using the information you learned in the Free Enterprise Lesson, answer the questions below. Make sure you complete BOTH SIDES!</p><p>1. What does free enterprise mean? </p><p>2. What prompts people to take the financial and emotional risk of starting a business? </p><p>3. What is the key to free enterprise?</p><p>4. What are the four components of most free enterprise systems?</p><p>5. In a free enterprise system, what do households own?</p><p>6. What is consumer sovereignty?</p><p>7. What are the people who start businesses called?</p><p>8. What does efficiency mean?</p><p>TURN THE PAGE OVER TO COMPLETE THE WORKSHEET 9. What is a market?</p><p>10. What are three categories of markets in a free enterprise society?</p><p>11. What is the cornerstone of a truly free enterprise economy?</p><p>12. What is the main role of government in a free society?</p><p>13. What are two things that prices tell us about?</p><p>14. If we tried to make decisions without prices, as socialist countries do, what we would probably do?</p><p>15. What is free enterprise all about?</p><p>16. In a free market system, what will a business that expresses prejudice and discriminates in its decisions face? </p><p>17. Why do entrepreneurs have a strong incentive to pay attention to the votes consumers register with their dollars?</p><p>18. What do societies in which one group of leaders makes all the economic decisions probably not produce?</p><p>19. What three things continue to drive the market forward?</p><p>20. What does competition result in?</p>