Major Economic Systems. Economic Systems 1. Capitalism- private citizens own the factors of...

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Section 3 Major Economic Systems

Transcript of Major Economic Systems. Economic Systems 1. Capitalism- private citizens own the factors of...

Page 1: Major Economic Systems. Economic Systems 1. Capitalism- private citizens own the factors of production without government involvement 2. Socialism- Government.

Section 3Major Economic

Systems

Page 2: Major Economic Systems. Economic Systems 1. Capitalism- private citizens own the factors of production without government involvement 2. Socialism- Government.

Economic Systems1. Capitalism- private citizens own the factors of production without government involvement

2. Socialism- Government owns some of the basic resources, for redistribution to societies best interests

3. Communism- (present) All Resources are Government owned, government plans and Disburses everything including decisions for the economy

Page 3: Major Economic Systems. Economic Systems 1. Capitalism- private citizens own the factors of production without government involvement 2. Socialism- Government.

CapitalismPositives1. Lower Prices2. Innovation3. Profits4. Tax Base5. Ownership6. Responsibility7. Change of station in society

Page 4: Major Economic Systems. Economic Systems 1. Capitalism- private citizens own the factors of production without government involvement 2. Socialism- Government.

NEGATIVES1. Cheating2. Deception/false advertising/Fraud3. Dangerous short cuts4. Caveat Emptor- let the buyer beware5. Waste6. Built in inefficiency- loss of quality a. vcr tapes, cars, computers7. Excess or gluttony8. Greed 9 Theft10. Debt


Economic Socialism

Economic Socialism

Socialism, Economic Calculation & Entrepeneurship

Socialism, Economic Calculation & Entrepeneurship

INDUSTRIALIZATION AND DEVELOPMENT Economic Geography Economic systems include : Capitalism (free market)Socialism Communism (command economy) FOUR ECONOMIC.

INDUSTRIALIZATION AND DEVELOPMENT Economic Geography Economic systems include : Capitalism (free market)Socialism Communism (command economy) FOUR ECONOMIC.

J V STALIN Economic Problems of Socialism in the USSR...ECONOMIC PROBLEMS OF SOCIALISM IN THE USSR The laws of his own social action, hitherto standing face to face with man as laws

J V STALIN Economic Problems of Socialism in the USSR...ECONOMIC PROBLEMS OF SOCIALISM IN THE USSR The laws of his own social action, hitherto standing face to face with man as laws

Comparative Economic Systems Mercantilism, Capitalism, Mixed- Economies, Socialism and Communism.

Comparative Economic Systems Mercantilism, Capitalism, Mixed- Economies, Socialism and Communism.

Competing Economic Systems Communism Socialism Fascism Capitalism.

Competing Economic Systems Communism Socialism Fascism Capitalism.

Paresh Chattopadhyay Economic Content of Socialism in ... Chattopadhyay... · Paresh Chattopadhyay Economic Content of Socialism in Lenin Is It the Same as in Marx? Economic and Political

Paresh Chattopadhyay Economic Content of Socialism in ... Chattopadhyay... · Paresh Chattopadhyay Economic Content of Socialism in Lenin Is It the Same as in Marx? Economic and Political

Economic Systems Capitalism,Socialism,Mixed

Economic Systems Capitalism,Socialism,Mixed

Politico-economic Regimes and Attitudes: Female Workers under State-socialism

Politico-economic Regimes and Attitudes: Female Workers under State-socialism

Economic Democracy: A Worthy Socialism that Would Work ...

Economic Democracy: A Worthy Socialism that Would Work ...

Socialism and Economic Development in Tropical Africa ...

Socialism and Economic Development in Tropical Africa ...

Stalin Economic Problems of Socialism in the U.S.S.R..txt

Stalin Economic Problems of Socialism in the U.S.S.R..txt

Examine the economic systems of Capitalism, Socialism and Communism and how they work

Examine the economic systems of Capitalism, Socialism and Communism and how they work

KEY TERMS: SOCIALISM: AN ECONOMIC SYSTEM WHERE THE GOVERNMENT CONTROLS MOST BUSINESSES FOR THE GOOD OF THE PEOPLE. CAPITOLISM IS SLOWLY BEING DONE AWAY.

KEY TERMS: SOCIALISM: AN ECONOMIC SYSTEM WHERE THE GOVERNMENT CONTROLS MOST BUSINESSES FOR THE GOOD OF THE PEOPLE. CAPITOLISM IS SLOWLY BEING DONE AWAY.

Capitalism vs. Socialism Worksheet · Government should not interfere in the economy because competition creates efficiency in business. Socialism The community or the state should

Capitalism vs. Socialism Worksheet · Government should not interfere in the economy because competition creates efficiency in business. Socialism The community or the state should

SOCIALISM, ECONOMIC CALCULATION AND ENTREPRENEURSHIP · 1. SOCIALISM AND ECONOMIC ANALYSIS The Historic Failure of Socialism The fall of socialism in the countries of Eastern Europe

SOCIALISM, ECONOMIC CALCULATION AND ENTREPRENEURSHIP · 1. SOCIALISM AND ECONOMIC ANALYSIS The Historic Failure of Socialism The fall of socialism in the countries of Eastern Europe

Economics of Government Finance B. Com. Sem - III...Economic systems - concepts - Capitalism, Socialism and Mixed Economy - characteristics. Public and Private Finances: meaning, difference

Economics of Government Finance B. Com. Sem - III...Economic systems - concepts - Capitalism, Socialism and Mixed Economy - characteristics. Public and Private Finances: meaning, difference

19653430 Islamic Economic System Capitalism and Socialism

19653430 Islamic Economic System Capitalism and Socialism

MoG'~; ~~'''' Economic.; ;,,.; .,.,. .. Theory of Socialism

MoG'~; ~~'''' Economic.; ;,,.; .,.,. .. Theory of Socialism

Economic Systems in the World Socialism and Communism

Economic Systems in the World Socialism and Communism