Friday, December 1, 2017
E2 INDIVIDUALS AND BUSINESSES IN FREE MARKETS: Free enterprise is a pillar of the United States economy and is based on the principle that individuals and businesses are free to make their own economic choices as they participate
in these markets. Individuals buy the goods and services that they desire from businesses in the product markets, and they contribute to producing these goods and services by supplying the resources that they own to businesses in the markets. This activity is the basis of our private economy, and our governmental spending programs.
Compare the advice given by Dr. Milton Friedman in these snippets, to the experiences of Marcus Lemonis in his trip to Cuba. Would the Cuban entrepreneurs agree or disagree with Dr. Friedman? Why or why not?
in these markets. Individuals buy the goods and services that they desire from businesses in the product markets, and they contribute to producing these goods and services by supplying the resources that they own to businesses in the markets. This activity is the basis of our private economy, and our governmental spending programs.
Compare the advice given by Dr. Milton Friedman in these snippets, to the experiences of Marcus Lemonis in his trip to Cuba. Would the Cuban entrepreneurs agree or disagree with Dr. Friedman? Why or why not?
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