Mr. Palm's Science/Social Studies Site
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  • Science
    • 1st Six Weeks >
      • Unit 1 Physical Properties of Matter
      • Unit 2 Mixtures & Solutions
    • 2nd Six Weeks >
      • Unit 3 Energy
      • Unit 4 Force and Motion
    • 3rd Six Weeks >
      • Unit 6 The Changing of Earth
    • 4th Six Weeks >
      • Unit 5 Natural Resources
      • Unit 7 Weather and the Water Cycle
    • 5th Six Weeks >
      • Unit 8 Patterns of Earth
      • Unit 9 Energy Flow in Living Systems
    • 6th Six Weeks >
      • Traits >
        • Q 1
        • Q 2
        • Q3
        • Q4
        • Q5
        • Q6
        • Q7
        • Q8
        • Q9
        • Q10
        • Q11
        • Q12
        • Q13
        • Q14
        • Q15
        • Q16
        • Q17
        • Q18
        • Q19
        • Q20
        • Q21
        • Q22
        • Q23
        • Q24
        • Q25
        • Q26
        • Q27
        • Q28
        • Q29
        • Q30
        • Q31
        • Q32
        • Q33
        • Q34
        • Q35
        • Q36
        • Q37
        • Q38
        • Q39
        • Q40
        • Q41
        • Q42
        • Q43
        • Q44
        • Q45
        • Q46
        • Q47
        • Q48
        • Q49
        • Q50
      • Unit 10 Structure and behaviors of Organisms >
        • Adaptations
      • Unit 11 Life Cycles
  • Tx 1st Sem
    • Texas Map Project
    • Regions
    • HOW PEOPLE IN DIFFERENT REGIONS OF TEXAS EARN THEIR LIVING
    • American Indians >
      • ECONOMIC ACTIVITIES USED BY EARLY AMERICAN INDIANS IN TX
      • Caddo
      • Karankawa
      • Tonkawa
      • Lipan Apache
      • Jumano and Concho
      • Comanche
    • TX Indian's Reading Cards >
      • Comanche
      • Lipan Apache
      • Karankawa
      • Caddo
      • Jumano
    • Exploration and Mission Life >
      • MOTIVATIONS FOR EXPLORATION AND SETTLEMENT
      • WHEN, WHERE, WHY SPANISH ESTABLISHED SETTLEMENTS AND
      • ACCOMPLISHMENTS AND IMPACT OF SIGNIFICANT EXPLORERS >
        • Cabeza de Vaca (Spain)
        • Francisco Coronado (Spain)
        • René Robert Cavelier
        • Jose de Escandon
        • EFFECTS OF EXPLORATION
    • Colonization of TX >
      • Missions of TX
      • SIGNIFICANT EMPRESARIOS
      • TEXAS’ ROLE IN THE MEXICAN WAR OF INDEPENDENCE
      • CHARACTERISTICS OF GOVERNMENTS AND THEIR INFLUENCE
    • Important People of Texas Revolution
    • People of TX Revolution
    • Major Events of the TX Revolution
    • Battles of the Revolution
    • SIGNIFICANT CONTRIBUTIONS OF INDIVIDUALS
  • Tx 2nd Sem
    • Republic and Statehood >
      • Important People of the TX Republic
      • Economic Struggles
      • Relations With American Indians
      • Events That Led to the Annexation of TX into The U.S.
    • Civil War and Reconstruction >
      • Civil War and Reconstruction PowerPoint
      • IMPACT OF THE CIVIL WAR AND RECONSTRUCTION ON TEXAS
      • DEVELOPMENT OF THE FREE ENTERPRISE SYSTEM IN TEXAS
      • HOW THE FREE ENTERPRISE SYSTEM WORKS AND EXAMPLES
      • EXAMPLES OF THE BENEFITS OF THE FREE ENTERPRISE SYSTEM
      • Texas Industries
      • ORIGINS AND SIGNIFICANCE OF STATE CELEBRATIONS
    • The Six National Flags of Texas
    • Texas Frontier >
      • The Cattle and Railroad Industry
      • GROWTH, DEVELOPMENT, AND IMPACT OF THE CATTLE INDUSTRY
      • IMPACT OF RAILROADS ON LIFE IN TEXAS
      • EFFECTS ON AMERICAN INDIAN LIFE RESULTING FROM CHANGES IN TEXAS
      • FAMOUS INVENTORS AND SCIENTISTS AND THEIR CONTRIBUTIONS
    • Urbanization >
      • IMPACT OF VARIOUS ISSUES AND EVENTS ON LIFE IN TEXAS
      • ACCOMPLISHMENTS OF NOTABLE INDIVIDUALS >
        • John Tower
        • Scott Joplin
        • Cleto Rodriguez
        • Audie Murphy
        • Stanley Marcus
        • Bessie Coleman
        • Raul A. Gonzales
        • Patillo Higgins
        • Spindletop
        • Impact of Oil and Gas Industry
      • DEVELOPMENT AND IMPACT OF THE OIL AND GAS INDUSTRY ON INDUSTRIALIZATION AND URBANIZATION IN TEXAS
      • POSITIVE AND NEGATIVE CONSEQUENCES OF HUMAN MODIFICATION OF THE ENVIRONMENT
      • The Dust Bowl
      • Dust Bowl Images
    • Texas Today >
      • PRODUCTS OF TEXAS THAT ARE PURCHASED TO MEET NEEDS
      • CUSTOMS, CELEBRATIONS, TRADITIONS OF CULTURAL,
      • CONTRIBUTIONS OF PEOPLE
      • HOW SCIENTIFIC DISCOVERIES AND INNOVATIONS HAVE BENEFITED INDIVIDUALS, BUSINESSES, AND SOCIETY IN TEXAS
    • Texas Citizenship >
      • THE MEANING OF PATRIOTIC SYMBOLS AND LANDMARKS OF TEXAS
      • “TEXAS, OUR TEXAS”
      • IMPORTANT INDIVIDUALS
      • HOW INDIVIDUALS CAN PARTICIPATE VOLUNTARILY IN CIVIC AFFAIRS
      • DUTY OF THE INDIVIDUAL IN STATE AND LOCAL ELECTIONS
      • HOW TO CONTACT ELECTED AND APPOINTED LEADERS IN STATE AND LOCAL GOVERNMENTS
      • Leadership Qualities
      • LEADERS IN GOVERNMENT
    • Texas Environment >
      • Vocabulary
      • WAYS PEOPLE HAVE ADAPTED TO AND MODIFIED THEIR ENVIRONMENT IN TEXAS
      • POSITIVE AND NEGATIVE CONSEQUENCES OF HUMAN MODIFICATION OF THE ENVIRONMENT
  • TX Maps
  • U.S
    • 1st Semester >
      • European Exploration >
        • Why People Move
        • ECONOMIC PATTERNS OF EARLY EUROPEAN COLONISTS
      • Colonial America >
        • New England Colonies
        • The Mid-Atlantic Colonies
      • Colonial Map Project
      • Road to Revolution >
        • The Southern Colonies
        • EVENTS PRIOR TO AND DURING THE AMERICAN REVOLUTION
        • CONTRIBUTIONS OF INDIVIDUALS DURING THE REVOLUTIONARY PERIOD >
          • Founding Fathers
          • John Adams
          • Samuel Adams
          • Benjamin Franklin
          • Colonial Leaders >
            • William Bradford
            • Anne Hutchinson
            • William Penn
            • John Smith
            • John Wise
            • Roger Williams
          • Nathan Hale
          • Thomas Jefferson
          • Sons of Liberty
          • George Washington
          • MOTIVATIONS DURING THE REVOLUTIONARY PERIOD
        • EXAMPLES OF ART, MUSIC, AND LITERATURE DURING REVOLUTION
        • Revolution and Its Effects >
          • RESULTS OF THE AMERICAN REVOLUTION
          • KEY ELEMENTS, PURPOSES, IMPORTANCE OF THE DECLARATION OF INDEPENDENCE
          • CONTRIBUTIONS OF THE FOUNDING FATHERS
      • A Nation Is Born >
        • Articles of Confederation
        • CONTRIBUTIONS OF INDIVIDUALS WHO HELPED CREATE THE U.S. CONSTITUTION >
          • James Madison
          • George Mason
          • Charles Pinckney
          • Roger Sherman
        • PURPOSES OF THE U.S. CONSTITUTION IDENTIFIED IN THE PREAMBLE
        • Purpose of the Constitution
        • REASONS AND IMPORTANCE OF THE CREATION OF THE BILL OF RIGHTS
      • American Identity >
        • CAUSES AND EFFECTS OF THE WAR OF 1812
        • U.S. TERRITORIAL EXPANSION
        • Western Expansion Images
        • PATRIOTIC SYMBOLS AND LANDMARKS
        • MEANING OF THE PLEDGE OF ALLEGIANCE
    • 2nd Semester >
      • Western Expansion >
        • CAUSES AND EFFECTS OF THE WAR OF 1812
        • Geographic Factors that Influence Patterns of Settlement
        • REASONS PEOPLE MOVED WEST
        • EVENTS AND CONCEPTS ASSOCIATED WITH U.S. TERRITORIAL
        • HOW INDUSTRY AND MECHANIZATION OF AGRICULTURE CHANGED THE AMERICAN WAY OF LIFE
      • A Nation Divided >
        • HOW CHANGES RESULTING FROM THE INDUSTRIAL REVOLUTION LED TO CONFLICT AMONG SECTIONS OF THE U.S
        • Causes of Civil War
        • REASONS FOR LOCATION OF CITIES IN THE UNITED STATES
        • EFFECTS OF SUPPLY AND DEMAND
      • Post-Civil War America (Reconstruction) >
        • Effects of Civil War
        • CHALLENGES, OPPORTUNITIES AND CONTRIBUTIONS OF PEOPLE
        • Challenges and Triumphs of Immigrants in America
        • Challenges and Triumphs of American Indians in America
        • Transcontinental Railroad
        • ACCOMPLISHMENTS OF INDIVIDUALS IN THE FIELDS OF SCIENCE AND TECHNOLOGY >
          • Benjamin Franklin
          • Thomas Edison
          • Eli Whitney
          • John Deere
          • Alexander Graham Bell
          • George Washington Carver
        • Origins and Significance of Memorial Day
      • Progress: A Bumpy Road >
        • Overview of the Times
        • Women and Their Contributions to Society
        • The Free Enterprise System
        • IMPACT OF MASS PRODUCTION, SPECIALIZATION AND DIVISION OF LABOR ON THE ECONOMIC GROWTH OF THE UNITED STATES
        • HOW SUPPLY AND DEMAND AFFECTS CONSUMERS
        • HOW SCIENTIFIC DISCOVERIES AND TECHNOLOGICAL INNOVATIONS HAVE BENEFITED INDIVIDUALS AND SOCIETY
        • List of Inventions and Conveniences from the Late 1800s and Early 1900s
        • Transportation and Trade
        • The Vaccine
        • Labor Day
      • Conflict Abroad and at Home >
        • VARIOUS ISSUES AND EVENTS OF THE 20TH CENTURY
        • World War I
        • The Roaring Twenties and the Great Depression
        • World War II
        • ACCOMPLISHMENTS OF NOTABLE INDIVIDUALS >
          • Dwight D. Eisenhower
          • Franklin D. Roosevelt
          • Tuskegee Airmen
          • 442nd Infantry Regiment
          • ORIGINS AND SIGNIFICANCE OF NATIONAL CELEBRATIONS
        • HOW SCIENTIFIC DISCOVERIES AND TECHNOLOGICAL INNOVATIONS HAVE BENEFITED INDIVIDUALS AND SOCIETY
      • The United States Today >
        • VARIOUS ISSUES AND EVENTS OF THE 20TH CENTURY
        • VARIOUS ISSUES AND EVENTS OF THE 21ST CENTURY
        • ACCOMPLISHMENTS OF NOTABLE INDIVIDUALS
        • The Race Begins
        • Advancements Because of NASA Research
        • Economic Opportunity Act of 1964
        • Rosa Parks – An Act of Courage
        • Civil Rights Act of 1964
        • Voting Rights Act
  • U.S Maps
  • Government
    • LEVELS OF GOVERNMENT
    • Constitutional Scavenger Hunt
    • BASIC FUNCTIONS OF THE THREE BRANCHES OF GOVERNMENT
    • SYSTEMS OF CHECKS AND BALANCES
    • THE BILL OF RIGHTS
    • HOW INDIVIDUALS CAN PARTICIPATE IN GOVERNMENT

The Free Enterprise System

Our American economy is based on the free enterprise system. Consumers are free to decide how to spend or invest their time and money. The goal of producers is to make profits by satisfying consumer demand. Open competition among producers usually results in their providing the best quality of goods or services at the lowest possible prices. 

The free enterprise system is based on competition among businesses. With competition, only the most efficient businesses survive. To ensure that a degree of competition exists, the Federal Government enforces strict "antitrust" laws to prevent anyone from gaining control over a market. 

The free enterprise system assumes that consumers are knowledgeable about the quality or safety of what they buy. However, in our modern society, it is often impossible for consumers to make informed choices. For public protection, government agencies at the Federal, State, and local levels issue and enforce regulations. There are regulations to cover the quality and safety of such things as home construction, cars, and electrical appliances. There are also regulations for financial services provided by banks, insurance companies, and stockbrokers. Another important form of consumer protection is the use of licenses to prevent unqualified people from working in certain fields, such as medicine or the building trades.


Other Important Points to Know:


1. What are the effects of immigration, migration, and limited resources on the economic development and growth of the United States? 

*Sometimes native born workers are displaced by immigrants. 

*Immigrants increase the supply of labor, which can help meet the needs of growing economies. 

*Population growth as a result of migration and immigration affect the need for goods. 
 
*Immigration and migration can put pressure on resources. 
 
*Land development for housing and expanding cities is affected by immigration and migration of people, adding population to the cities. 

2. In a free enterprise economy, mass production, specialization, and the division of labor play an important role on the economic growth of the United States. 

     *Impact of mass production 
 
         >Production of products is increased. 
         >This makes products more affordable. 
         >This creates more jobs. 

     *Impact of specialization and division of labor  

         > Artisans were replaced by specialized workers assigned to do a particular task as part of a process, mostly referred to as the assembly line. An example might be that an artisan makes a pair of shoes and it takes him a month. With specialized labor (assembly line) shoes are produced faster by several people. Each person does a different thing to add to the shoe. 

      >This creates more jobs.
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