Exploring Careers

Chapter 13: Our Economic System

Chapter Summaries in English

In Chapter 13, you found out about how you already take part in the economic system and what free enterprise means. You learned about command economies and about socialist economies. You learned how our economy works, what roles are played by producers and consumers, and how the forces of supply and demand affect competition.

You also read about the rewards and challenges of working for oneself, what qualities an entrepreneur needs, and what is involved in going into business for oneself. You learned that creating a business plan is hard work but essential if a person wants his or her new business to be successful.