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Transcript of Economic Systems
Individuals and government both make decisions about production
Individual consumers and government influence economic decision making American Dream Resources are privately owned
Individuals make decisions on how to use resources
Individual consumers drive economic decision making by choosing what to buy Resources are publicly owned
Government makes decisions on how to use resources
Individual consumers have little influence on economic decision making Issue: Health Care Public versus Private Who should control it? Public Private Pros Cons Pros Cons Australian Health Care What do you think of this system? Sicko Intro What If the Issue Was Fire Fighting Services What is it now? What if it was part of the private sector? Pros Cons