By: Alba Ago, Danielle Downey, Anthony Romeo, and Marc Garcia.

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Presentation transcript:

By: Alba Ago, Danielle Downey, Anthony Romeo, and Marc Garcia

Identify the islands resources Find food fish, birds, mammals, berries, insects, frogs Shelter Make a fire Use for food Warmth Ward off dangerous animals Smoke signal Find water Boil ocean water Collect rain water

Define the Economic System Mixed This economic system has a mixture of Capitalism and Socialism. Allows private economic system allows level of private economic freedom. Allows government to interfere in economic activities to achieve social aims. The people have a say in what happens, but the government can step in.

Countries that Use Mixed Economy United States Cuba Sweden Norway

Advantages/Disadvantages of a Mixed Economy Advantages Disadvantages The people have a say in what they want, but if it gets out of hand the government can step in and help. People have the choice to own private property. The government can step in when help is not needed. Fear of Nationalization

3 basic Economic Questions The individuals decide what goods and services are to be produced. The people make the decisions about production, but the captain/government has the authority to step in if need be. Both the people and the government decide who receives what is produced.