5-Minute Videos
The Promise of Free Enterprise
Economics · Free Market · Free Trade · Captions
About This Video
Built into the foundation of free enterprise is a promise. It's a promise that no other economic system offers. This promise has a great deal to do with your sense of well-being, that is, your happiness. George Washington, Thomas Jefferson and Alexander Hamilton understood this. So does renowned social scientist, Arthur Brooks. In five minutes, he explains how happiness and free enterprise are marvelously entwined.
This video is part of the Robert W. Plaster Foundation Playlist: Free Enterprise Will Set You Free.
Standards Met in Ohio
- 5.E.15Grades 5thThe availability of productive resources (i.e., entrepreneurship, human resources, capital goods and natural resources) promotes specialization that could lead to trade.
- 6.E.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (entrepreneurship, human resources, natural resources and capital) used.
- CWI.9-12.11.lp.kGrades 9th, 10th, 11th, 12thIdentify human activities.
- EFL.9-12.4.cGrades 9th, 10th, 11th, 12thIdentify an economic system.
- SS.5.15Grades 5thThe availability of productive resources (e.g., entrepreneurship, human resources, capital goods and natural resources) promotes specialization that could lead to trade.
- SS.6.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (e.g., entrepreneurship, human resources, natural resources, capital) used.