1. 2.3 | Economy and Intellect
Canada
2.3 | Economy and Intellect

2. Economy Capitalism and free (open) markets Businesses seek profit
Buy, sell, and produce what you want
Limited government influence (monopolies)
Businesses and consumers regulate “invisible hand”
Businesses produce goods that are profitable
People invest in businesses by buying stocks
People invest in government by buying bonds
Businesses seek profit
Globalization opens up labor markets
Big businesses can save money by investing in poor countries
Labor is much, much cheaper
This leads to factories closing in home countries
Huge profit margins lead to corporate takeover
Small businesses cannot compete
Economy

3. Intellect Dr. James Naismith invented basketball in 1891
The original baller
Dr. James Naismith invented basketball in 1891
Was an American immigrant
Harry Wasylyk in 1950
Garbage bags
Edward A. Asselbergs in 1962
Instant mashed potatoes
Helmut Lucas in 1971
Prosthetic hand
Joseph-Armand Bombardier in 1958
Snowmobile
Gideon Sundback in 1913
The zipper
Intellect