M IXED E CONOMY By: Kelly Langan, Chelsea Allen, Charity Green, and Gina Cozzolino.
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Transcript of M IXED E CONOMY By: Kelly Langan, Chelsea Allen, Charity Green, and Gina Cozzolino.
MIXED ECONOMYBy: Kelly Langan, Chelsea Allen, Charity Green, and Gina Cozzolino
THE ISLAND
The town center is where the city council meets and also where the doctor meets the patients. The food center is where the food is stored until being equally distributed.
Town Center
FoodCenter
Housing
Well
Crops
Area to produce
harvesting machines
ECONOMIC PROBLEMS Native People
There are native people that already live on the island
We are going to make peace and trade with them but we aren’t going to interfere with their way of living.
ECONOMIC PLAN Economic goal is to make sure that the basic needs of the people
are met and they are safe. We have corn on our island, so we built machines that can harvest
the corn faster. In order to fuel the machines, we trade some of our corn with the natives in exchange for coal. We are on good terms with the natives who live on the far end of the island.
For land, we used water for drinking and growing our crops. We used the sun to grow our crops. The coal is used to fuel our machines which collect the corn. Labor--there was someone who was at a higher intellectual level, so they were designated to be the doctor of the island. Other people who had a similar intellect were on the board.
Everyone is guaranteed food, protection, housing, medical care, and water.
The final decisions are made by the council which is comprised of the educated people on the island. They are there to settle the big disputes amongst individuals or groups.
The government’s role is to equally distribute food and water to the people. They also select the jobs based on the skills that each person has. This government also decided on the fair amount of land which is distributed equally for all the 14 people.
TYPE OF SYSTEM We have a socialist system The have a mixed economy
our council has some rule, but they don’t make all decisions.
We are traditional in the way that we work together with other people, and assign people their jobs
We are like a command economy because of the way we distribute our resources and crops
CAPITAL AND BASIC NEEDS What kind of capital (tools, machines, etc.) will be used to
producegoods? How will this capital be attained? A lot of the tools and materials came off the cargo ship inwhich we were on. The only machine on the island is to help us pickcrops more efficiently. There are other basic medical tools used inthe hospital which were also obtained from the cargo ship. Oursociety is very basic when it comes to machinery, we rely mostly onmanual labor.
Are there some basic needs that should be guaranteed for all? Ifso, what are they? Should individuals secure their needs bythemselves?There are for sure basic needs guaranteed for all. This is in effect to keep order in our society and make all citizens happy. These basic needs are equal amounts of food, safety, equal opportunity, housing, medical care, and water. All of these needs will be provided through the system and residents do not have to worry about anything as long as they keep up their end of the bargain and work to help grow the society.
LAND The needs of the environment will be
considered On our island, nothing that will harm the land is
produced Everybody on the island has the right to water
We get our water from a water well. The well was built by using parts from the ship.
Soil and water are the natural resources that are used to produce goods
There are rules on the use of natural resources The reason being is because the council has to
divide how much of a resource people get so it won’t be overused
LABOR Work that needs to be done
Digging a well Building homes Building the town hall areas Planting crops Parts from ship brought to where they are
needed Jobs required
Doctors(on a need basis) Farmers Seamstresses Builders People to cut down trees
Jobs required (continued) People to move water Council Law enforcement
Who does the jobs? Jobs split among the people
People with more high labor jobs will only do one job, others will have more than one. Doctors will have more than one because they only work when someone needs medical help
Jobs will be chosen based on skill and education
OPPORTUNITY COST Pineapples
The next best option is growing pineapples. Instead of growing a vegetable, fruit would be
the opportunity cost
PPC CHART