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Presentation2

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  • 1.  
  • 2. <ul><li>If I choose to live in Wilmington it would be nice weather and at the beach but there would be hurricanes that could damage my possessions, if I decide to live in Cary I would not be at the beach but I would be protected from storm weather such as hurricanes. </li></ul>
  • 3. <ul><li>How to decide if I should get a job or go to college </li></ul><ul><li>My choices are to go and get a job or go to college. </li></ul><ul><li>If I get a job I can go ahead and start making money to support myself but I wont get paid as much as if I were to take the time to go to college </li></ul><ul><li>I think that I will go to college </li></ul><ul><li>I am taking 4 years of my life to off to get my degree </li></ul><ul><li>I am happy with my decision because I make a lot more money than I could have without college. </li></ul>
  • 4. <ul><li>I must decide whether to drive or fly to Florida. </li></ul><ul><li>I can either drive my car or take the airplane </li></ul><ul><li>If I drive it will probably be cheaper but it will be much longer to get there. Flying will get me there very quickly but is also more expensive. </li></ul><ul><li>I think I will fly there </li></ul><ul><li>I pay the money and get there in no time. </li></ul><ul><li>I am happy with my decision because money was not an issue for me, and I did not have to drive for 12 hours straight. </li></ul>
  • 5. <ul><li>In a command economy, the resources are owned and controlled by the government. </li></ul><ul><li>Saudi Arabia is an example of a command economy </li></ul><ul><li>Advantage-You cant really make any mistakes with your resources </li></ul><ul><li>Disadvantage- You get no control over your resources </li></ul>
  • 6. <ul><li>In a market economy, the resources are owned and controlled by the people of the country </li></ul><ul><li>Mexico has a market economy </li></ul><ul><li>Advantage-You control your own resources </li></ul><ul><li>Disadvantage-Everyone might not agree with decisions that are made </li></ul>
  • 7. <ul><li>Capitalism refers to the private ownership of resources by individual, rather than by government. </li></ul><ul><li>The United States is an example of capitalism </li></ul><ul><li>Advantage-Freedom of production and consumption </li></ul><ul><li>Disadvantage- Individuals could make some wrong decisions and get themselves in debt. </li></ul>
  • 8. <ul><li>A communist economy includes limited choices and supply of consumer goods. </li></ul><ul><li>China has had a communist economy but is now trying to come out of it </li></ul><ul><li>Advantage-Direct resources toward economic growth </li></ul><ul><li>Disadvantage-No Freedom </li></ul>

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