Study of how goods and services are produced, distributed and consumed.

Study of how goods and services are produced, distributed and consumed

Define Economics

How are decisions made in Market, Command and Traditional economies?

What is a mixed economy?

What are the Factors of Production?

Sammi buys a glue machine for his shoe factory expansion

Ivan buys a coal mine to get coal for his steel mill……What is the coal?

Rob sends the mechanics in his shop to a 2 week school about auto GPS repair

What are the Factors of Production?

Explain what scarcity is.

PricesSupplyDemand

What is the relationship between:

What are goods?

What is an investment?

What?How?For whom…who gets it?

What 3 questions are answered by economic systems?

What is Gross Domestic Product?

Natural resourcesEmploymentLiteracy rateClimatePolitical issues….war, revolution, treaties, trade agreements(tariffs, quotas,etc)Geography…

Factors that increase/decrease GDP

What is inflation?

Water, sewer serviceRoads, traffic controlPublic services: Police, Fire, EMTschoolsMedical facilitiesEntertainment

What is meant by standard of living?List some characteristics:

What is literacy rate? How does it impact a country’s economy?

TariffQuotaEmbargo

Name the 3 major barriers to trade?

This is an example of ?

Iraq invades Kuwait. All members of the European Union express their outrage buy cutting off all trade with Iraq.

This is an example of ?

Imported snake-head fish from China are being set loose in US rivers and streams. These fish are killing all other fish in the area. The US government adds a 50.00 import fee on each snake-head fish imported into the US.

This is an example of?

Imported champagne from France is hurting the business of California’s wine producers. The US sets a 1500 bottle limit on the number of imported bottles from France.

Which country?

Mixed market, former Command economy, high poverty, crime, corruption, many natural resources, not an EU member

Which country?

Founding EU member, high standard of living, many exports, Eastern half is still recovering from being part of the Soviet Union’s command economy

Which country?

Mixed-market economy, EU member, London is very important Financial trade center, does not use the Euro

What is a partnership?

What is a corporation?

Study of how goods and services are produced, distributed and consumed.

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Transcript of Study of how goods and services are produced, distributed and consumed.

WHERE IS ORGANIC FOOD PRODUCED AND CONSUMED? THE DETERMINANTS OF

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Economic Systems. Three Basic ?s What goods should be produced? How should the goods be produced? Who will get the goods and how will they be distributed?

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The Market Economy Namenelsonecon.weebly.com/uploads/1/3/2/2/13223732/market_economy… · economy. is the way goods and services are produced and consumed. Everyone is involved in

1 The Hopes of Immigrants...Goods produced in factories became cheaper than goods produced by artisans.Suddenly out of work,some arti-sans took factory jobs.Others emigrated. 5. Religious

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U.S. Department of Labor’s List of Goods Produced …...U.S. Department of Labor’s List of Goods Produced by Child Labor or Forced Labor u.s. department of labor’s bureau of

Triangular Trade Route. Trading Goods The Thirteen Colonies all grew and produced goods that they traded between on another. They also traded their goods.

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PORT HAWAII: OUR COMMERCIAL HARBOR SYSTEM...all goods consumed in Hawaii are imported, and 98.6% of the imported goods arrive through the commercial harbor system. Hawaii’s residents

CONCRETE VSL STORAGE STRUCTURES · produced but consumed at a fairly uniform rate, or continuously produced at a fairly uniform rate but consumed in an irregular manner. A further

Chapter 3 General Stoichiometry. Stoichiometry Chemical Stoichiometry- Studies quantities of materials consumed and produced in chemical reactions. –

Urbanization with and without Industrialization · produced in rural areas (food) and towards goods that tend to be produced in urban areas. These urban goods will consist of industrial

U.S. Department of Labor’s List of Goods Produced by Child ... · goods from 70 countries that iLAB believes are produced with child labor or forced labor. The 2010 update adds

1 Chapter 3 Stoichiometry. 2 The study of quantities of materials consumed and produced in chemical reactions.

1 Screen Shots. BOM Details Lot Sizing Constraints Alternate Items Produced Item Consumed Item Routing Used Consumption Ratio.

The Three Fundamental Questions What gets produced, and in what quantities? How are these goods produced? For whom are these goods produced ? : We can’t.

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