1. Name an industry or product line up that you really like which has greatly

improved over time as a result of free market economics. Briefly explain

the changes that occurred in the industry or product as a result of

competition.

2. How does the economic system affect one's ability to do business in a country? Can an entrepreneur/business owner operate the same way in a free market economy as in a command economy? Ask Mr. Panovski or discuss within your breakout room if you're not sure how to approach the question.