The United States is a free enterprise system with a motive for profit. Explain what that means as though you were explaining it to a 5th grader.

(A) Profit Motive-the force that encourages people and organizations to improve their material well-being
(B) Voluntary exchange- the concept that people may decide what and when they want to buy and sell
(C) Private property rights- the concept that people have the right and privilege to control their possessions as they wish
(D) Competition- the rivalry among sellers to attract customers while lowering costs