Identification should include

• economic freedom
• competition
• equal opportunity
• voluntary (willing) exchange
• property rights
• profit motive
• binding contracts
• how these principles support innovation, entrepreneurship, and agricultural market growth.

Process/Skill Questions:

• What is economic freedom?
• What is voluntary exchange?
• Why is it important for buyers and sellers to be able to engage freely and willingly in market transactions?
• How does competition affect the economy?
• How does competition benefit consumers?