1. Bell Work A command economy is an economic system in which:
A. Individual rights are very important
B. Consumer demand determine what will be produced
C. The government owns much of the property
D. Profit motive is the main motivation for producers

2. All countries fit onto a scale:

3. Economic Goals

4. Goals
Affect society
Economic Systems

5. Freedom: the right to make one’s own economic choices
Security: Everyone feels as if their jobs will continue to exist and that they will continue to have enough resources to live off of

6. Equity: everyone has the same standing in the economy and same access to the economy’s resources
Growth: The economy will create more goods and services

7. Efficiency: The production of goods and services uses as few FOP as possible
Stability: the economy will not change much (for good or bad)

8. ASSIGNMENT Chapter 2 – Section 1 Assessment p. 28
Questions: 1, 3, 5, 9, 10 & 12