Whit King Rules
- Deadline May 15, 2017.
- One entry per student. Students choose to enter individual essay or video competition (one to four students).
- Essay: Maximum 500 words, typed, double-spaced, font no smaller than 12 pt.
- Essay Title Page: Title, student name, grade, school, school address, teacher name, teacher email
- Essays may be emailed by the teacher to Amanda Pigue or mailed to ACEE, PO Box 59288, Birmingham, AL 35259. If mailed, staple in upper left corner. Do not submit essay in a folder or binder. Essay entries should not include images, computer graphics, illustrations or photographs.
- Video: One to two minutes (not counting ten second maximum title screen)
- Video: Videos must be posted on youtube.com, and the link sent to our email with video title, student name, grade, school, school address, teacher name, and teacher email.
- Essays and videos must be the work of the student. Try to avoid copyright material. Include Works Cited if there is use of copyright material.
- All entries become the property of ACEE and may be used with the names of entrants for publicity and other purposes. In order to be judged, entries must comply with all of the rules
Essays and videos will be judged on understanding of the topic, organization and originality. Students who express their personal perspective on the Free Enterprise System in their own words will be more highly ranked. All decisions are final.
For additional information, contact Wanda McAbee or Amanda Pigue.
The following excerpts are from Free Enterprise published by Federal Reserve Bank of Dallas.
“Free enterprise is the freedom of individuals and businesses to create, produce, transform, develop, innovate, and compete in the marketplace. As they are able and willing, enterprising people produce goods and services for profit, offer their labor for wages, and own the resources needed to produce and sell goods and services.”
“Most free enterprise systems consist of four components:
1. Households – The Owners Households own most of the country’s economic resources and decide how to use them. One of the resources is their labor, which they sell to existing firms or use to form new businesses.
2. Businesses – The Organizers Businesses organize economic resources to create and produce a good or service. People who start businesses are called entrepreneurs. They are organizers and innovators, constantly discovering new and better ways to bring resources together in the hopes of making a profit.
3. Markets – The Brokers Any place or any way that buyers and sellers can exchange goods, services, resources or money.
4. Government – The Protector Government is the backbone and cornerstone of a free enterprise economy. The government enforces property rights and provides necessary goods and services that the private market would have difficulty producing, such as national defense.”