6th Grade Social Studies Europe Economics

5,472 views

Published on

0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
5,472
On SlideShare
0
From Embeds
0
Number of Embeds
156
Actions
Shares
0
Downloads
46
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

6th Grade Social Studies Europe Economics

  1. 1. <ul><li>SS6E5 The student will analyze different economic systems. </li></ul><ul><li>a. Compare how traditional, command, and market, economies answer the economic questions of 1 -what to produce, 2-how to produce, and 3-for whom to produce. </li></ul><ul><li>b. Explain how most countries have a mixed economy located on a continuum between pure market and pure command. </li></ul><ul><li>c. Compare the basic types of economic systems found in the United Kingdom, Germany, and Russia. </li></ul>
  2. 2. <ul><li>A system for producing, distributing, consuming, and owning goods, services, and wealth. </li></ul>
  3. 3. <ul><li>Only exists in developing countries but there are still 400 million indigenous people that live in this type of economy. </li></ul><ul><li>What to produce? </li></ul><ul><li>How to produce? </li></ul><ul><li>For whom to produce? </li></ul><ul><ul><li>These questions are answered by hereditary trends and tradition usually for the benefit of the tribe or community. </li></ul></ul>
  4. 4. <ul><li>Planned economy where government regulates market systems and eliminates the need for competition and marketing. </li></ul><ul><li>What to produce? </li></ul><ul><li>How to produce? </li></ul><ul><li>For whom to produce? </li></ul><ul><ul><li>These questions are answered by the government. The government plans, executes, and oversees all aspects of the market. </li></ul></ul>
  5. 5. <ul><li>System in which the trading and exchange of goods, services and information takes place in a free market that is controlled by supply and demand. </li></ul><ul><li>What to produce? </li></ul><ul><li>How to produce? </li></ul><ul><li>For whom to produce? </li></ul><ul><ul><li>These questions are answered by free individuals who choose to make products or create services by opening businesses for the public. The public creates a demand and business owners give the supply. </li></ul></ul>
  6. 6. <ul><li>The government is typically involved in all economic systems; therefore most economic systems fall somewhere between a pure market and pure command. </li></ul>More governm- ent control Less govern-ment control Mixed Economy
  7. 7. <ul><li>The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports. </li></ul>
  8. 8. <ul><li>5th highest GDP in the world. </li></ul><ul><li>2 nd largest economy in Europe. </li></ul><ul><li>Mixed economic system: </li></ul><ul><li>79% Market 21% Command </li></ul><ul><li>Currency is British Pound (GBP) </li></ul><ul><li>Literacy Rate 99% </li></ul>
  9. 9. <ul><li>3 rd highest GDP in the world. </li></ul><ul><li>Largest economy in Europe. </li></ul><ul><li>Mixed economic system: </li></ul><ul><li>71% Market 29% Command </li></ul><ul><li>Currency is Euro (EUR) </li></ul><ul><li>Literacy Rate 99% </li></ul>
  10. 10. <ul><li>11 th highest GDP in the world </li></ul><ul><li>History of command economic system under the Former Soviet Union. </li></ul><ul><li>Over the past two decades has tried to develop a system that leans more towards a market economy. </li></ul><ul><li>51% Market 49 % Command </li></ul><ul><li>Currency is Ruble (RUB) </li></ul><ul><li>Literacy Rate 99.4% </li></ul>

×