The document summarizes key aspects of different economic systems and goals. It discusses three main types of economic systems - traditional economies, command economies, and market economies - providing examples of each. It then outlines seven major economic goals shared by most Americans: economic freedom, economic efficiency, economic equity, economic security, full employment, price stability, and economic growth. The document analyzes each of these goals in one to two paragraphs.
Comparative Economic Systems - Intro to Capitalism. Read about the Capitalism, its advantages and disadvantages. You will find it helpful in your studies. Don't forget to like and follow.
Lecture I developed directly after the attacks of 9-11-2001 at Washington & Lee University while teaching the History of Economic Thought course and specifically the Marxian critique of capitalism.
Comparative Economic Systems - Intro to Capitalism. Read about the Capitalism, its advantages and disadvantages. You will find it helpful in your studies. Don't forget to like and follow.
Lecture I developed directly after the attacks of 9-11-2001 at Washington & Lee University while teaching the History of Economic Thought course and specifically the Marxian critique of capitalism.
Economic way of thinking: Economics - Concepts and Choices, 2011. Holt McDougalTravis Mitchell
Economic way of thinking is the introductory chapter for Holt McDougal's textbook Economics:Concepts and Choices, 2011. Topics shown include; scarcity, trade-offs, opportunity cost, production possibilities curve, as well as, positive and normative economics.
Financial market and economic data: The Fifth ElephantDeepak Shenoy
Different kinds of visualizations of financial data, both stock market and economic. Presented at the Fifth Elephant,a conference on Data in Bangalore on July 28, 2012.
This is an updated version of a slideshow revision presentation on the way in which different charts are presented in economics exams and some tips for handling the data in your answers.
All Things Data - Core Tools for Economic Development PractitionersTom Dworetsky, AICP
The recent profusion of data tools has made it easier to make informed economic development decisions than ever before. Yet at the same time, this inundation of information resources can make it difficult to keep track of all the tools at our disposal. What’s an economic developer to do? At the 2016 Northeast Economic Development Association (NEDA) Conference in New Haven, our panel of data junkies led a discussion about what you need to know in order to navigate the complex market of data resources. Through highlighting a variety of free and/or cost-effective data tools that can facilitate economic development decision-making and leading an interactive discussion aimed at developing solutions for your specific data challenges, session attendees came away with an enhanced understanding of how to find and use better data to carry out the mission of their organizations.
Check out the slides from the session!
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
1. Section 1: Economic Systems Section 2: Evaluating Economic Performance Chapter 2:Economic Systems and Decision Making
2. Things to look for…(section 1) What are the 3 main kinds of economic systems? Give an example of each kind of economic system. Give two examples of market locations.
3. Economic Systems Economic System – an organized way of providing for the wants and needs of the people of a particular society. Three major kinds of economic systems exist although most economies combine elements of all three to form mixed economies. *The three major kinds of economic systems are traditional economies, command economies, and market economies.
4. Traditional Economy In a society with a traditional economy, the use of scarce resources and nearly all economic activity stems from ritual, habit, or custom. They also dictate social behaviors. Individuals cannot make their own decisions of what they want or would like to have. Their roles are defined by the customs of the elders and/or their ancestors.
5. Traditional Economy *An example of a traditional economy would be societies like the Australian Aborigines, the Mbuti in central Africa, or the Inuit of northern Canada. Their customs dictated that they share everything with one another, such as a bear or walrus that they hunted and killed. This provided meat, clothing, and shelter for entire villages for the extremely cold winters. Due to these customs, the Inuit survived thousands of years.
6. Traditional Economy The main advantage of this economic system is that every person in the society knows their role. There is little to no doubt of what is expected of you. The main disadvantage is that it tends to discourage new ideas and new ways of doing things. This lack of progress leads to stagnation and a lower standard of living than other economic systems.
7. Command Economy In a Command Economy, a central authority makes the major decisions about what, how, and for whom to produce. In a pure command economy, the government makes the major economic decisions. This means that the government decides if houses will be built, how they will be built, and for whom they will be built. Most command economies limit private property rights.
8. Command Economy Most people are not allowed to own their homes, businesses, or other productive resources. Individual rights or freedoms are also limited. For example, if the government wants more mathematicians, then the universities train more mathematicians. This limits personal choice. Government officials usually make choices that favor themselves (homes, vacations, cars, etc.).
9. Command Economy *Modern examples are hard to find but North Korea and Cuba are pure command economies. In the 1970’s and 1980’s, the Soviet Union was the biggest example of a command economy. In the former USSR, the State Planning Commission determined needs, set goals, and allocated resources to the sector which they felt the country most needed.
10. Command Economy The main advantage of this economic system is that it can change direction drastically. The former USSR went from a rural agricultural society to an industrial powerhouse in just a few decades by emphasizing industrial growth. Some disadvantages are that they ignore basic wants/needs of consumers, encourage meeting quotas rather than making good products, and need a large decision-making bureaucracy that is unable to deal with minor day-to-day issues.
11. Market Economy In a market economy, people make decisions that are in their own best interest. A market is an arrangement that allows buyers and sellers to come together to exchange goods and services. *A market can be a physical location such as a farmer’s market, or a virtual location such as eBay. Market economies are characterized by a great deal of freedom.
12. Market Economy Consumers determine what to produce by their purchases. Businesses are free to find the best method of production when determining how to produce. The income that consumers earn and spend in the market determines for whom to produce. They also have private ownership of resources. This economic system is based on capitalism (an economic system where private citizens own the factors of production).
13. Market Economy *Examples would include the United States, Japan, South Korea, Australia, Singapore, Great Britain, and parts of Western Europe. Many of the above countries are among the most prosperous in the world. While there are differences between these countries’ systems, they share the common elements of markets and the private ownership of resources to seek profits.
14. Market Economy Advantages include a high degree of individual freedom, gradual adjustments to change over time, a relatively small amount of government interference, decision-making is decentralized, a large variety of goods and services, and a high degree of consumer satisfaction. Disadvantages are that this system does not provide for everyone (very young, very old, sick, etc.), may not provide enough basic goods and services, and a high degree of uncertainty.
15. Mixed Economy Most countries have a mixed economy (systems that combine elements of all three types). Examples are socialism and communism. In socialism, the government own some but not all of the basic productive resources. Socialist governments also provide health care. Communism is an extreme form of socialism where all property is collectively, not privately, owned. Communism rarely is practiced as designed.
16. Mixed Economy Examples include China and Norway One major advantage would be providing for some people who might otherwise be left out. One major disadvantage is that the more services and higher benefits provided by the government often lead to higher costs to the people. Germany, for example, offers many benefits but also has one of the highest tax rates in the world. Historically, capitalism has proven more effective than either socialism or communism.
17. Q and A What are the 3 main kinds of economic systems? Traditional economies, command economies, and market economies. Give an example of each kind of economic system. Traditional – Inuit of northern Canada, Command – North Korea, Market – United States Give two examples of market locations. Physical – farmer’s market, Virtual – eBay
18. Open-book/open-notebook Quiz Go to page 56 and answer numbers 17 – 20. This is a 100 point quiz, you may use your notes and book… and, if need be, me.
19. Things to look for…(section 2) What are the 7 major economic goals shared by most Americans?
20. 7 Economic Goals *The seven major economic goals shared by most Americans: Economic Freedom Economic Efficiency Economic Equity Economic Security Full Employment Price Stability Economic Growth
21. Economic Freedom Americans traditionally value the freedom to make their own economic decisions. Individuals like to choose their own occupations, employers, and uses for the money. Businesses like to choose where and how they produce.
22. Economic Efficiency Most people recognize that resources are scarce and that factors of production must be used wisely. If resources are wasted, fewer goods and services can be produced. This means that fewer wants and needs can be satisfied.
23. Economic Equity Americans have a strong tradition of justice, impartiality, and fairness. It is illegal to discriminate on the basis of age, sex, race, religion, or disability in employment. As a nation, we have developed a minimum wage. Minimum Wage – the lowest legal wage that can be paid to most workers. Most people believe that advertisers should not be allowed to make false statements.
24. Economic Security Americans desire protection from such adverse economic events as layoffs and illnesses. This is why we have developed unemployment benefits when you lose your job due to no fault of your own. This is also why many companies have insurance plans for their employees. Nationally, Congress has set up Social Security – a federal program of disability and retirement benefits that covers most working people.
25. Full Employment When people work, they earn income by producing goods and services for others. Without jobs, people cannot support themselves or their families. The goal of full employment even became law when Congress passed the Employment Act of 1946 in an effort to avoid the widespread joblessness before World War II.
26. Price Stability Another goal is to have price stability. If inflation occurs, workers need more money to pay for food, clothing, and shelter. Inflation – a rise in the general level of prices People who live on a fixed income find that bills are harder to pay and planning for the future is more difficult. Fixed Income – an income that does not increase even though prices go up.
27. Price Stability High rates of inflation can discourage business activity. Interest rates on loans tend to increase with the price of goods and services. When interest rates get too high, borrowing and spending by businesses can be discouraged also.
28. Economic Growth Most people hope to have a better job, a newer car, their own home, and a number of other things in the future. Overall growth enables more people to have more goods and services. Since the nation’s population is likely to increase, economic growth is necessary to meet everyone’s needs.
29. Economic vs. Social Goals A society resolves the conflict between economic and social goals by comparing their estimate of the costs to their estimate of the benefits, and then they vote for political candidates who best represent those positions.
30. Q and A What are the 7 major economic goals shared by most Americans? Economic Freedom Economic Efficiency Economic Equity Economic Security Full Employment Price Stability Economic Growth
31. Open Book/Open Notebook Quiz Go to page 56 and answer numbers 21 – 23. This is a 100 point quiz, you may use your notes and book… And your magic 8 ball.