Moving to a city…

Moving to a city…

Problem: What do I want to do after high school? Choices: College or Job College Advantage Better education More jobs open up Qualify for a better paying job Job Advantage Make money Pay for college later on

Problem: What do I want to do after high school?

Choices: College or Job

College Advantage

Better education

More jobs open up

Qualify for a better paying job

Job Advantage

Make money

Pay for college later on

Choice- College Act- Go to a college Review- think about if I was at a job instead College Disadvantage Expensive Not much time for a job Job Disadvantage No further education right out of high school Less jobs available

Choice- College

Act- Go to a college

Review- think about if I was at a job instead

College Disadvantage

Expensive

Not much time for a job

Job Disadvantage

No further education right out of high school

Less jobs available

Problem: How should I get to Florida? Choices: drive or fly Driving Advantage Saves money Have your car in FL Can stop along the way Flying Advantage Much faster More convenient

Problem: How should I get to Florida?

Choices: drive or fly

Driving Advantage

Saves money

Have your car in FL

Can stop along the way

Flying Advantage

Much faster

More convenient

Choice- Fly Act- Fly to Florida Review- think about if I was driving instead Driving Disadvantage Takes much longer Not convenient Have to stop for food Flying Disadvantage Can’t stop anywhere else on the way

Choice- Fly

Act- Fly to Florida

Review- think about if I was driving instead

Driving Disadvantage

Takes much longer

Not convenient

Have to stop for food

Flying Disadvantage

Can’t stop anywhere else on the way

In a command economy, the resources are owned and controlled by the gov’t. Example- China Advantage- everything is under control. Disadvantage- personal economic freedon is limited.

In a command economy, the resources are owned and controlled by the gov’t.

Example- China

Advantage- everything is under control.

Disadvantage- personal economic freedon is limited.

A market economy is an economy that relies chiefly on market forces to allocate goods and resources and to determine prices. Example- Canada Advantage- growth and efficiency Disadvantage- can be hazardous for economies like India and China

A market economy is an economy that relies chiefly on market forces to allocate goods and resources and to determine prices.

Example- Canada

Advantage- growth and efficiency

Disadvantage- can be hazardous for economies like India and China

Capitalism is an economic system based on private ownership of capital . Example- United States Advantage- the government has limited control over business, which lets business compete. Disadvantage- barriers between people in terms of how much wealth they have or how much money they make.

Capitalism is an economic system based on private ownership of capital .

Example- United States

Advantage- the government has limited control over business, which lets business compete.

Disadvantage- barriers between people in terms of how much wealth they have or how much money they make.

Communism is a form of socialism that abolishes private ownership Example- China Advantage- don’t have to worry too much about different classes of wealth Disadvantage- do not have a lot of freedom at all.

Communism is a form of socialism that abolishes private ownership

Example- China

Advantage- don’t have to worry too much about different classes of wealth

Disadvantage- do not have a lot of freedom at all.