Economic Systems
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

Economic Systems

on

  • 794 views

 

Statistics

Views

Total Views
794
Views on SlideShare
775
Embed Views
19

Actions

Likes
0
Downloads
16
Comments
0

2 Embeds 19

http://jkmcclung.edublogs.org 13
http://mcclungsworld.com 6

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Economic Systems Presentation Transcript

  • 1. Economic Systems
  • 2. Economy
    • A system where people make, exchange, and use things that have value
      • Producers = owners & workers
      • Consumers = people buying goods
  • 3. Types of Ownership
    • Private Ownership
      • Capitalism is a system in which private individuals won most businesses
      • People save money in banks
      • Banks lend the money in exchange for interest
      • A free-market
  • 4. Types of Ownership
    • Government Ownership
      • Communism, the government owns farms, factories, and offices
      • Controls the prices and production
  • 5. Types of Ownership
    • Mixed Ownership
      • Hardly any nation has a “pure” system
      • A combination of private and government
  • 6. Command Economy
    • Command
      • Central authority
      • Makes majority of major decisions
      • Example: Former Soviet Union
  • 7. Market Economy
    • Economic freedom, voluntary exchange, private property, and profit motive
      • Supply and demand
      • This decides
        • What to produce
        • How to produce
        • How much to produce
        • Fro whom to produce
  • 8. Traditional Economy
    • Economic activities are affected by…
      • Ritual
      • Custom
      • Habit
    • Example: trade and barter system