Send the link below via email or IMCopy
Present to your audienceStart 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
Economic And Political Systemd
Transcript of Economic And Political Systemd
Workers produce goods/services
Company earns money by selling products or services
Owners of the company decide what to do with the money-how much to pay their workers, how much to spend on advertising, day to day expenses, etc.
Government owns most of the basic industries
Industries are run for the good of society, not for profit.
No supply and demand-government sets fixed prices
Uses profits to pay for public services such as health care and education
Some companies owned privately-they follow capitalism
Countries-Spain, Portugal, Italy
-System for producing, distributing and consuming goods and services
Consumers are essential!
Although a company can produce goods or services, not everyone will want to buy it!
Consumers determine how much products cost, how much is produced, etc.
Producers? Good or Service?
-Producers-make products (goods) or provides services
-Business owners AND their employees
-Consumers-people who use goods and services
Make computers, tablets, phones, etc.
Consumers-Anyone who owns an Apple product
They provide electric service that powers your computer, TV, XBox, etc.
Consumers-Anyone who uses electricity
This is called Supply and Demand
Central Government owns all property-farms, factories, etc. to benefit all citizens
Sets price of goods, how much workers are paid, and how things are produced
Very few countries still practice communism-Cuba, China and North Korea.