Types of Economies – u6 day 2

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Presentation transcript:

Types of Economies – u6 day 2 Command Free - Lots of Gov’t involvement - Gov’t makes all decisions - Gov’t owns property - No Profits (help people) - No Competition - Ex. North Korea, Cuba (rare) - Little Gov’t involvement - Individuals Choose - Private property - Profit Driven (make $) - Competition - Consumer Sovereignty - 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

Types of Economies – u6 day 3 Command Free - Gov’t involvement - Gov’t makes - Gov’t owns - No Profits ( ) - No - Ex. - Gov’t involvement - Choose - Private - (make $) - - Consumer - Ex. Mixed - Gov’t involvement (free < < command) - make choices - (make money) - makes choices - (help people) - Ex. Traditional - -eskimos