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Diction of the United States Government. Goal Seven Automation Capital Communism Consumer sovereignty Fiscal Policy Human Capital “Invisible Hand” PPI.

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Presentation on theme: "Diction of the United States Government. Goal Seven Automation Capital Communism Consumer sovereignty Fiscal Policy Human Capital “Invisible Hand” PPI."— Presentation transcript:

1 Diction of the United States Government

2 Goal Seven Automation Capital Communism Consumer sovereignty Fiscal Policy Human Capital “Invisible Hand” PPI Socialism Specialization

3 Automation When companies increase their productivity by using machines to do what would normally be done by laborers.

4 Capital Anything used to produce goods.

5 Communism When everyone in a country helps to improve the way their country runs. Everyone is for the greater good of their country. Evolved from socialism.

6 Consumer sovereignty When the demand of goods by consumers directly controls how much producers produce. We want this much! Fine...

7 Fiscal Policy How the government chooses to use public spending to manipulate demand as a whole.

8 Human Capital Things that increase a workers ability to do their job, personally. Working age now raised to seventy

9 “Invisible Hand” A market economy must have three things to keep it going smoothly; competition, capitalism, and free enterprise.

10 PPI (Producer Price Index) An organization that keeps track of inflation and deflation of all goods.

11 Socialism When the government controls and owns everything a country has including its people and properties. There is no private property of personal businesses.

12 Specialization Commitment by a certain worker or group of workers to gain a certain resource or to meet a specific goal.


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