When you participate in activities like shopping or selling lemonade at a stand, you’re engaging in our country’s economy.
The economy includes all production, sales, and purchasing activities. It is all the ways people use resources to meet their needs. In the United States, we operate under a free market, or free enterprise, economy. Here, individuals have the freedom to produce, sell, and purchase almost anything they desire, with little government intervention. However, some government regulations are necessary. These ensure public safety, workplace protection, and environmental preservation.
