Chapter 3 American Free Enterprise

A city at night.

In the United States, economic opportunity is abundantly evident, from corporate headquarters in gleaming cities like Miami, shown here, to neighborhood momand-pop businesses, to drive-through franchises in suburban strip malls. This chapter examines the benefits of American free enterprise and the factors that make it so prosperous, adaptive, and enduring.


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Table of Contents

Economics: Principles in Action
About the Authors
Program Reviewers
Contents
Unit 1 Introduction to Economics
Chapter 1 What Is Economics?
Chapter 2 Economic Systems
Chapter 3 American Free Enterprise
Unit 2 How Markets Work
Chapter 4 Demand
Chapter 5 Supply
Chapter 6 Prices
Chapter 7 Market Structures
Unit 3 Business and Labor
Chapter 8 Business Organizations
Chapter 9 Labor
Unit 4 Money, Banking, and Finance
Chapter 10 Money and Banking
Chapter 11 Financial Markets
Unit 5 Measuring Economic Performance
Chapter 12 Gross Domestic Product and Growth
Chapter 13 Economic Challenges
Unit 6 Government and the Economy
Chapter 14 Taxes and Government Spending
Chapter 15 Fiscal Policy
Chapter 16 The Federal Reserve and Monetary Policy
Unit 7 The Global Economy
Chapter 17 International Trade
Chapter 18 Economic Development and Transition
Reference Section
Personal Finance Handbook
Economic Atlas and Databank
Glossary
Spanish Glossary
Index
Acknowledgments
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