Bell Work A command economy is an economic system in which: A. Individual rights are very important B. Consumer demand determine what will be produced C. The government owns much of the property D. Profit motive is the main motivation for producers

All countries fit onto a scale:

Economic Goals

Goals Affect society Economic Systems

Freedom: the right to make one’s own economic choices Security: Everyone feels as if their jobs will continue to exist and that they will continue to have enough resources to live off of

Equity: everyone has the same standing in the economy and same access to the economy’s resources Growth: The economy will create more goods and services

Efficiency: The production of goods and services uses as few FOP as possible Stability: the economy will not change much (for good or bad)

ASSIGNMENT Chapter 2 – Section 1 Assessment p. 28 Questions: 1, 3, 5, 9, 10 & 12