Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Chapter 7 Economic Systems

No description
by

Chris Arthur

on 18 October 2010

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Chapter 7 Economic Systems

Chapter 7 Everyone makes different decisions, but does everyone make the right decisions? No society will develop the same Economic systems Technology - Scientific knowledge There groups play different roles. Mixed - has elements from both command and market. Economic Systems Chapter 7 The economic resources we have to provide include land, capital, labour, and technology Land
All the nature resources (Minerals, water, land, etc.) Capital - Money Labour
Human energy, efforts, talents, etc. Who decides? Decisions can be made by.... Government that is in power, Industries and businesses in the country, Institutions that are important, And Individual participants in the economic system. We have different societies, but each of our societies must answer the same four questions What resources are avalible? What goods and services will be produced? How will they be produced? Who will get how much of each? The economic system in every country are based on three conditions Tradition - the way things have been done in the past Ideology - Beliefs about the proper way to do things Pragmatism - Practical solutions that will work Its all about Decisions.We need to make careful choices about what to buy. Before buying, ask yourself some questions Do we really need another laptop? How much money do you have left? Where should we spend my allowance? Types of Economic Systems Traditional - Decisions made based on what has been done on the past Command - Decisions made by a central authority Chapter 7 The end!!!! Market - Individual businesses and companies Chapter Chapter 7 The End!!! The ways in which decisions about these matters are made vary from one household to the next. The same is true for societies =
Full transcript