Public Goods and Services

Free Goods and Services

that provide benefits to many people,

People may not be restricted from using them.

Examples of Goods and Services

Parks

Roads

Fire Stations

Police stations

Schools

Re-cycling centers

Private Goods and Services

Goods and Services

exchanged in the market

for a price,

Taxes

Required payments to the Government

Philanthropy

The effort to increase the well-being of people

through charitable giving.

Wealth - (Giving money)

Work - (Volunteering to help)

Wisdom - (Giving knowledge)

Non-Profit Organizations

Institutions

developed to increase the well being of others

in certain areas, such as

Education

and other good reasons.

Examples of Nonproit organizations...

Cancer Society

Fire Department

Good Will

Helping Hands

Historical Society

Juniour Achievement

Red Cross

Salvation Army

SPCA

YMCA

Opportunity Cost

The value

of the next best alternative given up

when a choice is made. 

Freedoms that occur within a

Free Enterprise system

Freedom to own property.

Freedom to buy and sell goods and services.

Freedom to invest money into a business and to earn profit.

Freedom to choose where and how to work.