Monday, December 2, 2013 1. How is a dictatorship different than a democracy? 2. What type of...
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Transcript of Monday, December 2, 2013 1. How is a dictatorship different than a democracy? 2. What type of...
Monday, December 2, 2013
1.How is a dictatorship different than a democracy?
2.What type of monarchy shares power with the people?
3 Types of Economies
3 Types of Economies
Name How does it work?
Who
is in charge?
Where is it found in the world?
1988 Nintendo
PlayStation 3
X-Box
Xbox 360
X-Box prices
(November 15, 2001, ($449)
(May 15, 2002) ($299) (May 14, 2003) ($249) (March 29, 2004) ($199)
3 Types of Economies
3 Types of Economies
Name How does it work?
Who
is in charge?
Where is it found in the world?
3 Types of EconomiesName How
does it work?
Who’s in charge?
Where is it found in the world?
Traditional
Economy
Name How does it work?
Who’s in charge?
Where is it found in the world?
Traditional
EconomyBarter System
3 Types of Economies
Name How does it work?
Who’s in charge?
Where is it found in the world?
Traditional
EconomyBarter System
People
3 Types of Economies
Name How does it work?
Who’s in charge?
Where is it found in the world?
Traditional
Economy
Barter System
People Under developed countries
Name How does it work?
Who’s in charge?
Where is it found in the world?
Traditional
economy
Barter System
People Under developed countries
MarketEconomy
Name How does it work?
Who’s in charge?
Where is it found in the world?
Traditional
economy
Barter System
People Under developed countries
MarketEconomyCapitalism
Free Enterprise
Name How does it work? Who’s in charge?
Where is it found in the world?
Traditional Barter System People Under developed countries
MarketEconomy
Money to buy things. Prices set by supply and demand
Name How does it work? Who’s in charge?
Where is it found in the world?
Traditional Barter System People Under developed countries
MarketEconomy
Money to buy things. Prices set by supply and demand.
People
Name How does it work? Who’s in charge?
Where is it found in the world?
Traditional Barter System People Under developed countries
MarketEconomy
Money to buy things. Prices set by supply and demand.
People United States, Great Britain
Name How does it work?
Who’s in charge?
Where is it found in the world?
Traditional Barter System People Under developed countries
Market Money to buy things. Prices set by supply and demand.
People United States, Great Britain
Command
Economy
Name How does it work? Who’s in charge?
Where is it found in the world?
Traditional Barter System People Under developed countries
Market Money to buy things. Prices set by supply and demand.
People United States, Great Britain
Command Government sets the prices and wages of workers.
Name How does it work?
Who’s in charge? Where is it found in the world?
Traditional Barter System People Under developed countries
Market Money to buy things. Prices set by supply and demand.
People United States, Great Britain
Command Government sets the prices and wages of workers.
Government
Name How does it work?
Who’s in charge?
Where is it found in the world?
Traditional Barter System People Under developed countries
Market Money to buy things. Prices set by supply and demand.
People United States, Great Britain
Command Government sets the prices and wages of workers.
Government Former USSR,
Communist Governments
Economics Song Sung to the Tune of Hey Hey Hey
Goodbye
Written by Burton Garrington, Kalondria Harper, Alyssa Hopkins, Montana Lee, Sydney Leibfritz, Dakota McGee, Daniel Sasser, Alli Stalker, Kevin Nguyen, Mark Pruitt
We have got to learn about all types of economies.
In traditional people trade with no-oo-oo money.
But in marketing, private owners use supply and demand.
With Command, all decisions are made by the government.
Na Na Na Na, Na Na Na Na, Hey Hey Hey, economies