Old Navy


Chapter 1, p.34


3. A private enterprise system that gives rewards for being able to identify. It serves the consumers demands and needs. The four critical rights to capitalism are competition, freedom of choice, profits, and private property. Without these rights capitalism would fail because business would try to completely eliminate their competition. Companies could charge different people different prices for the same product.


7. Productivity measures how efficient a company is. The more efficient the company is, the better the chance it stands against its competition. It also measures the nations economic strength and standard of living. To be one of the top nations of the world productivity needs to be high so other countries donít take the upper hand on them.


Chapter 1, p.35 question # 2


California Cheap Skate or CCS is a company that I buy regularly. They are a skateboard and snowboard shop that is based in California. I can order from them either online or through their mail order catalog. I shop with CCS because they have one of the biggest varities of skateboard. I can custom order a complete skateboard from them or I get parts that may be worn on the board I have. If I need a new pair of shoes I can also go through them. They stock the newest and best skate shoes for a low price. I also can buy clothes from them. The clothes go all the way from pants to socks. CCS is more or less a one stop shop for me. I can get everything I need at one time.