HAVE OUT HW !! In your notebook: What is capitalism? Which characteristic of capitalism is more valuable to you? Why

We live in a MIXED, FREE ENTERPRISE, MARKET economy based on a CAPITALIST ideal! MIXED ECONOMY: gov't has the power to regulate the economy and enforce laws FREE ENTERPRISE: competition is encouraged and allowed to flourish CAPITALISM: private citizens own the factors of production

Question: The U.S. Economic system is often called a mixed system. We are not purely market, but also not a command economy. How are we a mixture of both?

Where do you think the U.S. falls? Economic Decision Making Command Market Pick a point on this line you think the U.S. economic system currently falls and justify with at least two sentences Pick another point on this line where you think the U.S. economic system should fall and justify with at least two sentences

With your group: Place the large sheet of Economic Goals at the center of your table Identify which definition belongs to each Economic Goal in the chart Once you have correctly identified all definitions, paste a small chart in your notebook and copy in the definitions

Pick a card! Find the person who has the card that matches yours With your partner, decide which Economic Goal(s) most closely relate to the subject of your card Decide where on the spectrum from Market to Command system each card might belong