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1. Markets and Governmentin a Modern Economy 2. Markets exist because none of us producesall the goods and services we require to satisfy our needs and wants. Why Do Markets…

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Slide 1 Chapter 3: American Free Enterprise Section 3 Slide 2 Slide 2 Copyright © Pearson Education, Inc.Chapter 3, Section 3 Objectives 1.Identify examples of public goods.…

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Economics: American Free Enterprise Economics: American Free Enterprise Chapter 3 Section 3 Key Terms public good: a shared good or service for which it would be inefficient…

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Government in the Free Market Government in the Free Market Public or Private Ownership The Free Market is also known as Capitalism http://www.youtube.com/watch?v=BZV-Eiw_pGs…