Market an arrangement that allows people to make exchanges with one another; whenever and wherever people voluntarily make exchanges with one another.

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Presentation transcript:

Market an arrangement that allows people to make exchanges with one another; whenever and wherever people voluntarily make exchanges with one another.

Market

Market

Market

Physical products businesses produce. Tangible items of value. Goods Physical products businesses produce. Tangible items of value.

Products you can't touch. Work performed; intangible items of value. Services Products you can't touch. Work performed; intangible items of value.

Products you can't touch. Work performed; intangible items of value. Services Products you can't touch. Work performed; intangible items of value.

Products you can't touch. Work performed; intangible items of value. Services Products you can't touch. Work performed; intangible items of value.

Market Economy Using markets as the primary means of organizing and coordinating production. Also called capitalism or free enterprise.

Survival

Steel Wool

Steel Wool

Small Ax

A Loaded .45-Caliber Pistol

Can of Crisco Shortening

Can of Crisco Shortening

Newspapers (One Per Person)

Cigarette Lighter (No Fluid)

Extra Shirt and Pants For Each Survivor

20 x 20 ft. Piece of Heavy-Duty Canvas

A Sectional Air Map Made of Plastic

One Quart of 100-Proof Whiskey

A Compass

Family-Size Chocolate Bars (One Per Person)

Scoring the Activity 12 Pts. Cigarette Lighter 11 Pts. Ball of Steel Wool 10 Pts. Extra Shirt and Pants Pts. Can of Crisco Shortening 8 Pts. 20 X 20 Foot Piece of Canvas Pts. Small Ax Pts. Family Size Chocolate Bar ( 1 Each ) 5 Pts. Newspapers ( 1 Each ) Pts. Loaded .45-Caliber Pistol Pts. Quart of 100 Proof Whiskey Pts. Compass 1 Pts. Sectional Air Map, Made of Plastic