music clothes entertainment sports food What goods and services will we produce? How will we produce them? Who will receive them? What goods and services will we produce? How will we produce them? Who will receive them?

Economic Systems Market economy Planned economy Market Economy is a term of free enterprise system. In capitalist economies, individuals own the productive resources, which often enphase the role of corporations. Market Economy is a term of free enterprise system. In capitalist economies, individuals own the productive resources, which often enphase the role of corporations. Planned Economy is an economic system in which a single party controls the government, private property rights are abolished and all resources are owned by the state Planned Economy is an economic system in which a single party controls the government, private property rights are abolished and all resources are owned by the state

THE COLLAPSE OF FIXED EXCHANGE RATES BETTER NEW TRANSPORTATION COMMUNICATIONS SYSTEM TECHNOLOGIES

Average GDP Growth

Rates of Birth, Death and Population Growth

Average Life Expectancy

GLOBAL ECONOMIC CUPBOARD Development of new resources Replacement of physical products And resources by Knowledge and ideas E - commercebiotechnology Genetically modified foods Discovery of new technologies