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Summary: A free enterprise system is an economic system characterized by private ownership of property and productive resources. Find out how businesses are established and help grow the economy in a free enterprise system with information from a tutor in this free video on economics.
Samir Malik has tutored Austin, Texas, area high school to elementary school-level students in all subjects for more than three years. Malik graduated from Southern Methodist...read more
Teachers play an integral role in the development and education of children. Working in schools, academies or a community setting, a teacher's job focuses on facilitating student learning through lessons and demonstrations. Teachers face the difficult job of keeping students engaged and excited about learning. While education careers are quite difficult, for most teachers, the benefit of shaping young minds far outweighs the challenges. In this free video series on education, an experienced tutor explains a variety of subjects. Learn about the free enterprise system in economics. Find out how important economic literacy is to a person's quality of life. Finally, get information on parallel structure in grammar.
"Hi, my name is Samir Malik, and I'm a private tutor for middle school and high school students in the Austin area. Today, we're going to be discussing the free enterprise system and what it is. A free enterprise system is an economic system characterized by private ownership of property and also private ownership of productive resources. And these are the key factors which stimulates profit growth in an enterprise system. Examples of private ownership of property could include ownership of homes, ownership of condominiums or ownerships of hotels. Ownership of productive resources -- examples of this would be owning factories or owning stores or owning rental properties. These are the motives which help the community grow and as...and businesses establish and grow their profits. This is the definition of free enterprise system, and some examples of a free enterprise system."
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