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What is the Free Enterprise System? - Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A free enterprise system:

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1. A free enterprise system is often referred to as:

2. An example of a free enterprise system at work is:

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About This Quiz & Worksheet

What is a free enterprise system, and what are the qualities of such a system? These are the main questions you'll be posed in this quiz and worksheet combo. You'll also need to be able to identify real world examples of a free enterprise system at work.

Quiz & Worksheet Goals

Use these assessment tools to test your knowledge of:

  • The definition of a free enterprise system
  • Free enterprise system traits
  • Another term for a free enterprise system

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related free enterprise system lesson
  • Making connections - use understanding of the concept of the free enterprise system in different contexts
  • Critical thinking - apply relevant concepts to examine information about the free enterprise system in a different light

Additional Learning

For additional information on the free enterprise system, review the accompanying lesson, What is the Free Enterprise System? - Definition & Examples. The lesson includes the following objectives:

  • Define capitalism
  • Understand the basic results of competition in a free enterprise system
  • Know how socialist governments differ from the free enterprise system
  • Learn benefits to consumers in a free enterprise system
  • Identify ways in which a free enterprise system impacts business and life choices
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