What do they make? Why do they make it? Who makes it? Who buys it?

Slides:

Advertisements

Similar presentations

Capitalism vs. Command Economy. A) Capitalism 1) capitalism- economic system in which production and the means to produce are owned and controlled by.

Advertisements

WHAT IS AN ECONOMIC SYSTEM?. Economic System How the government and businesses work to provide goods and services to consumers Three Economic Questions.

Do Now Please give me an example of the following resources: Human

Unit 7: Foundations of Economics:

Economic Systems How the Government influences how I make money.

Microeconomics is the study of how individuals and businesses make decisions on how to use limited resources. Macroeconomics is the study of how whole.

 Each economy has to answer three specific questions  How it answers these questions determines what kind of economy it is going to be.  The three.

GOVERNMENT ECONOMIC SYSTEMS. WHAT IS ECONOMICS? The study of how goods and services are produced, distributed, and consumed. The people who make goods.

Economic Systems Types of Economic Systems. Traditional Economic System  Based on beliefs, customs and ways of doing things handed down from generation.

C HAPTER 2: E CONOMIC S YSTEMS AND THE A MERICAN E CONOMY Section 1: Economic Systems.

Types of Economic Systems. 3 Types of Economies How many basic types of economic systems are there? Name the economic systems. Which economic system.

Do Now Why are monopolies bad for consumers?.

How the Government influences how I make money.

Economic Systems and Incentives

Aim: How can we compare the differences between the economies of countries around the world? Objective: SWBAT analyze the different economies of the world.

Economic Systems and Economic Factors

Economic Systems.

Types of Economies.

How the Government influences how I make money.

Types of Economies.

How the Government influences how I make money.

Economic Systems.

Types of Economies ELABORATE I’m Communism I’m Communism.

How the Government influences how I make money.

All are components of the factors of production EXCEPT ___.

How the Government influences how I make money.

Chapter 2: Economic Systems and the American Economy

Spectrum of Mixed Economics

Economic Systems.

Economic Systems & How the Government influences how I make money.

How the Government influences how I make money.

Zoo vs Jungle – Discussion Questions

Unit 7: Economics and Choices

Different Economic Systems

Civics and Government - Concepts

Day 1 – Economic Systems (7.E.1.3)

Day 1 – Economic Systems (7.E.1.3)

Major Economic Systems

Day 1 – Economic Systems (7.E.1.3)

How the Government influences how I make money.

Traditional, Command, Market

Chapter 3 Essential Question: Who or what decides what you get?

How the Government influences how I make money.

Organized set of procedures that answer the basic economic questions.

Economic Systems.

Types of Economic Systems

Traditional - Command – Market - Mixed

Warm up Who decides what goods are marketed and sold in the United States?

Characteristics of the basic economic systems

World Economic Systems

How the Government influences how I make money.

How the Government influences how I make money.

How the Government influences how I make money.

Types of Economic Systems

Economic Systems.

All are components of the factors of production EXCEPT ___.

Types of Economies – u6 day 2

Economic Systems & Decision Making

Economic Systems Market vs. Command.

How the Government influences how I make money.

How the Government influences how I make money.

Economics – Africa.

How the Government influences how I make money.

Chapter 2: Economic Systems and the American Economy

How the Government influences how I make money.

Economic Systems and the Role of Government

Economic Systems 1-3.

Types of Economies 1.

Economic Systems.

Business and the Community

Presentation transcript:

What do they make? Why do they make it? Who makes it? Who buys it?

Command Free Market Capitalism Mixed Cuba USA Australia Communism Economies fall along a spectrum: - Some have a lot of gov’t involvement (command) - Some have little gov’t involvement (free) - Some have a mixture of gov’t involvement (mixed) Command Communism Free Market Capitalism Mixed Socialism Cuba USA Australia

Command (communism) Free (capitalism) Mixed Traditional Day 1 – Economic Systems Command (communism) Free (capitalism) - Lots of Gov’t involvement - Gov’t makes all decisions - Gov’t owns property - No Profits (Gov’t helps people) - No Competition - Ex. North Korea, Cuba (rare) - Little Gov’t involvement - Individuals Choose - Private property - Profit Driven (make $) - Competition - Ex. Australia Mixed - Gov’t involvement (free < mixed < command) - Individuals & biz make choices - private sector (make money) - Gov’t makes choices - public sector (help people) - Ex. USA (most common economy) Traditional -based on survival -eskimos -zombie apocalypse

Capitalist Art I am a Medici, I buy art I only buy the best art Bad art = artist doesn’t make money Good art = artist earns money In a Free Market – the gov’t does not get involved The best artists (Da Vinci) will be rich Capitalism = Work Hard – You will do well in life

Capitalist Art I am a Medici, I buy art I will pay you to do a drawing for me I will only the buy the drawings that are very good If you are drawing is not good enough, then try harder. This is a capitalist classroom NOT communist Some students are born rich (I will give you some colored pencils) Some students are born poor (you get nothing) This is REAL LIFE Work hard – overcome disadvantages The beauty of Capitalism!