2.01 Comparing Economic Systems

5,029 views
4,567 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
5,029
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
13
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

2.01 Comparing Economic Systems

  1. 1. 2.01 Comparing Economic Systems Name: Paul Zuo :P Command Economy • Advantage: • Guarantees equal standard of living for everyone • Less crime and poverty • Needs are provided for through the government • Disadvantage: • Minimal choices, Fewer choices of items • No incentive to produce better products MARKET ECONOMY • Advantage:competition to have the best products and services
  2. 2. • Disadvantage:huge rift between wealthy and poor G l o b a l E c o n o m i c S y s t e m s Mixed Economy • Advantage:balance of needs and wants met by government and in marketplace
  3. 3. • Disadvantage:citizens have to pay taxes Traditional Economy • Advantage:people have specific roles; security in the way things are done • Disadvantage:Technology is not used; difficult to improve 2.01 Comparing Economic Systems Name: Page 2 1. Name some similarities between Command and Traditional economic systems. trational economy is an economy system in which resources are allocated by inheritances...and command economy is runed in a different way
  4. 4. 2. Name some similarities between Command and Mixed economic systems. Men and women are given different economic roles and tasks 3. Name some similarities between Market and Traditional economic systems. 4. Name some similarities between Market and Command economic systems. some similarities are that they both have producers and consumers, goods and services, and also money and labor. 5. Name some similarities between Market and Mixed economic systems.
  5. 5. 6. In addition to all these being Global Economic Systems, name one major similarity in all systems.

×