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Transcript of Economy
Choice Government controlled system based off common american values Based off the theory: You work you Eat What is it??? Fairness: We all have equal opportunity
Freedom: We can do what we want
We can use our money for what we want This is:
"The American Dream" (cc) photo by theaucitron on Flickr (cc) photo by theaucitron on Flickr 1st step Spark (cc) image by nuonsolarteam on Flickr Characteristics
Our Economy Advantages Depression Consumers Use products Need services Pay $$$ Higher prices Workers Manufacture products More competition Provide services Less profit Less customers Less jobs -we can make our own choices
-we can buy and sell what we want
-we can make a profit Distribution Trade with other countries Jobs are from both wants and needs America's 5 economic
freedoms buy and sell goods to anyone
buy and sell services with anyone
can charge whatever price you want Freedom to earn profit
Profit Encouages people to prduce goods
American made goods stimulate economy Freedom to compete
Against other entrepreneurs Ownership of goods
untill you sell goods
right to buy and sell
own property Can pursue any career
But, Success depends on skills
depends on oppurtunnities THE END
BY: Ben B, Justin W, Tim P, Christian C,
Irling O, Derek Z Disadvantages -not everyone gets the job they want
-most people can not buy everything they want
-very poor people Overall -our economy succeeds
- our goods and services are produced,
distributed, and sold
-we can try to achive our dreams and
choose the lifestyle we want to live Purpose of Economy To Maintain America's Goods And Services Customer Service Example: Example: Food, Clothes, Or Anthing Else Jobs Help Families Have Money, and It Helps Decrease The Poverty Rate In The U.S. http://www.youtube.com/watch?v=2vW4D7ns5Cg