Bellringer BACKPACKS AND ID’S
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Transcript of Bellringer BACKPACKS AND ID’S
Bellringer BACKPACKS AND IDS
We will have a series of political cartoons to introduce you to
various economic systems On the back of your note packet, number
1-9 and answer the questions at the top of the cartoons BACKPACKS
AND IDS 1. Who caused the conflict? 1.What can you infer about
socialism?
2. Do you feel socialism is a good or bad thing?Explain 3. What can
you infer about capitalism?
4. Do you feel capitalism is a good or bad thing?Explain 5. What
differences do you see between capitalism and communism. 6
5. What differences do you see between capitalism and communism?
6.In your opinion, which one seems to be a better system?
7.According to the cartoon, do you agree or disagree that
capitalism is not working? Explain 9. Who caused the conflict?
Economic Geography Economic Indicators and Systems
llhammon Fall 2010 What is an Economy? The way a nation makes
choices about how it will use its resources to produce and
distribute goods and services Economic Indicators, what are
they?
Economic Geography Economic Indicators, what are they? Theytell how
well an economy is performing. What is GDP? It is the total value
of all goods and services produced by a nation in a year. (GDP =
gross domestic product.) What is GDP per capita? It reflects the
value of goods and services produced in a year in a country by an
average person. What are some other economic indicators? Average
number of automobiles, Telephones, Televisions, Or computers per
person llhammon Fall 2010 GDP Gross Domestic Product (total value
of goods and services produced divided by the total population)
Economic Systems 4 Types
Socialist - Syria Communist China Free Enterprise United States
Traditional Java, Indonesia Four Types of Economic Systems
Traditional Free Enterprise Communist Socialist Traditional
Economies
Village in Bhutan South Asia Traditional Economies Bushmen of
Kalahari - Africa Berbers of Algeria Economic Decisions:Made by
customs and traditions.
Production:Based on customs and time-honored methods.New ideas are
discouraged Private Property:None (things are owned by the family
or village) Trade:Very little outside trade because they only make
enough to meet their needs. 2 Main Production Methods For
Traditional Economies
Subsistence agriculture growing only enough to feed the farmer and
his family. Cottage industries weave cloth, make furniture and
clothes by hand at home. These are mostly found in rural,
non-industrial areas What are these examples of?
Economic Geography What are these examples of? India, Peru, Kenya,
Timor llhammon Fall 2010 What are these an example of?
Economic Geography Loom weaver India; Jewelry and textiles Ghana;
Pottery Mexico; Making saris - India llhammon Fall 2010 At the
bottom of the page, write one positive and one negative of a
traditional economy Free Enterprise = Capitalism = Free Market
System
Economic Decisions:Based on supply and demand Supply how many there
are Demand how much consumers will pay Production:New ideas are
encouraged Ownership:People own their own goods and property with
limited government interference People invest their money in
different ways (factories, machines, and land) Profit???
Competition Answer the questions in your packet over competition
Two Main Production Methods
Commercial Agriculture - Large scale farming to sell; modern and
requires less labor Commercial industries goods are manufactured in
factories for sale throughout the country or overseas Commercial
Agriculture
Economic Geography Commercial Agriculture Nebraska, Missouri,
India, California llhammon Fall 2010 Commercial Industries In your
packet, explain how commercial industries are different than
cottage industries In your packet, give two examples of a
commercial industry In your packet, explain how commercial farming
is different than subsistence agriculture At the side of the
section, write one positive and one negative of a capitalist / free
- market economy Karl Marx (born in Germany) Communism (Command
Economy)
Economic Decisions:Government makes ALL decisions Ownership:No
private property. Government owns everything
Cooperation:Cooperation replaces competition Goal:Classless society
equality among workers At the bottom of the page, write one
positive and one negative of a communist economy Socialism (Mixed
Economy) Economic Decisions:
Government makes decisions about production, distribution, and use
of resources Other decisions are made privately
Ownership:Government owns major business Private ownership of
everything else Goal: End poverty by a fairer distribution of
income among society.Peoples basic needs (health care,
transportation, education, housing) are met for free or at very low
cost. At the bottom of the page, write one positive and one
negative of a socialist economy Economic Systems Market Economy
Command Economy Capitalism Communism
On the far right Command Economy Communism On the far left
Socialism Left of center but right of communism Economic Activities
Economic Activities #1 Primary Economic Activities: economic
activities which rely directly on natural resources. Mining,
forestry, farming In the U.S. only 3% of the labor force.
Forestry Skorpion Zinc Mine, Namibia Myanmar agriculture rice field
In the U.S. only 3% of the labor force. What 2 types of agriculture
would be considered primary economic activities? Economic
Activities #2Secondary Economic Activities: using raw materials to
produce products of greater value. Rims, car factory, manufacturing
plywood Food processing Manufacturing Toy manufacturing in China
Car manufacturing in India
England Furniture Manufacturing Plant, USA Refining Gold Refining
Petroleum Refining What 2 types of industries would be considered
secondary economic activities? Economic Activities #3Tertiary
Economic Activities: economic activities which do not use raw
materials, but serve others. Waiters, doctors, lawyers, customer
service In the U.S. 80% of labor force
Economic Geography Service Industry In the U.S. 80% of labor force
Teachers, truck drivers, retailers, accountants, doctors and
nurses, Gnaoua Musician, Morocco llhammon Fall 2010 What are 3
types of tertiary economic activities? Economic Activities
#4Quaternary Economic Activities: economic activities which focus
on information. Research, government, education What are 2 types of
quaternary economic activities? Global Trade (Globalization)
Exports: goods that are sent out of a country Imports: goods that
are brought into a country Impacted by technology
Trade Routes Impacted by technology Industrial Development
Industrialized Countries Development Indicators
GDP/GNP Women employment Political Stability Average Income Crime
Levels % of Higher Education graduates EconomicActivity Age Range
of Pop Development Indicators Standard of Water pipes Water Access
Calories per person per day Electricity consumption Ratio of
doctors per person Health Care # of computers per person Telephone
Communication Death/Birth Ratio Life expectancy # of TVs per
person