music clothes entertainment sports food What goods and services will we produce? How will we produce...

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Transcript of music clothes entertainment sports food What goods and services will we produce? How will we produce...

music

clothes

entertainment

sports

food

What goods and services will What goods and services will we produce?we produce?

How will we produce them?How will we produce them?Who will receive them?Who will receive them?

Economic Systems

Market economy Planned economy

Market Economy is a term of free Market Economy is a term of free enterprise system. In capitalist enterprise system. In capitalist economies, individuals own the economies, individuals own the productive resources, which often productive resources, which often enphase the role of corporations.enphase the role of corporations.

Planned Economy is an economic Planned Economy is an economic system in which a single party controls system in which a single party controls the government, private property rights the government, private property rights are abolished and all resources are are abolished and all resources are owned by the stateowned by the state

THE COLLAPSE THE COLLAPSE OF FIXED EXCHANGE RATESOF FIXED EXCHANGE RATES

BETTER NEW BETTER NEW

TRANSPORTATION COMMUNICATIONSTRANSPORTATION COMMUNICATIONS

SYSTEM TECHNOLOGIESSYSTEM TECHNOLOGIES

-20 -10 0 10 20

Guinea China Chile Slovenia Norway Poland

The USA Japan Austria Rumania Sweden Estonia

Lithuania Uzbekistan Byelorussia Russia Turkmenista Ukraine

Armenia Moldova Tajikistan Azerbaijan Georgia

Average GDP GrowthAverage GDP Growth

Rates of Birth, DeathRates of Birth, Death and Population Growth and Population Growth

-50

0

50

100

150

200

births deaths increasing

Afghanistan Mozambique Ethiopia Cambodia Tajikistan

Egypt Mexico Syria Russia Byelorussia

The USA Great Britain Spain Finland Japan

Average Life ExpectancyAverage Life Expectancy

AfricaAsiaS.AmericaN.AmericaAustraliaEuropeworld

GLOBAL ECONOMIC CUPBOARD

Developmentof new resources

Replacement of physical products And resources by

Knowledge and ideas

Discovery of new technologies

E - commerce biotechnology

Genetically modifiedfoods