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Types of Economic Systems
What is an Economy? ,[object Object]
Resources ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
Scarcity ,[object Object],[object Object]
Choices ,[object Object],[object Object],[object Object]
Basic Economic Choices: ,[object Object],[object Object],[object Object]
Four Types of Economic Systems: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pure Market Economy ,[object Object],[object Object],[object Object],[object Object]
Problems ,[object Object],[object Object],[object Object],[object Object],[object Object]
Pure Command Economy ,[object Object],[object Object],[object Object],[object Object]
Problems ,[object Object],[object Object],[object Object]
Traditional Economy ,[object Object],[object Object],[object Object]
Mixed Economy ,[object Object],[object Object],[object Object]
Example of Economies… Pure Market Economy Pure Command Economy U.S. Mexico Sweden Russia Mainland China North Korea
Government Philosophies ,[object Object],[object Object],[object Object],[object Object],[object Object]
Capitalism ,[object Object],[object Object],[object Object]
Socialism ,[object Object],[object Object],[object Object]
Communism ,[object Object],[object Object],[object Object]
Economies in Transition ,[object Object],[object Object]
Do you think the oil industry is a monopoly?

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Types of economic systems