PPT-Economic Objectives and Economic Systems

AS Economics Aim Understand economic objectives and economic systems Objectives Define different agents objectives in an economy Describe how these objective are competing Analyse different types of economic systems. the production, distribution and consumption of goods. Economic . Anthropology. Economic System: . production, distribution and consumption of goods. studying . the economies of . nonliterate. people is when we begin judging work, property and lives from our . Chapter 2. Economic Systems. In this lesson, students will examine the four economic systems.. Students will be able to define the following terms:. An Economic System. Traditional Economy. Free Market Economy. What . do you know about economic systems?. THINK – PAIR – SHARE . Grab a piece of paper and ask yourself:. What do I know about economic systems?. What examples can I think of?. Share your ideas with a friend. Economic Anthropology and Resources (p.154-164). Avee, Peter, . Fardeen. , Sunil, . Henil. Economic. System . In many cultures people’s wants are maintained at levels that can be fully and continually satisfied, without jeopardizing the environment. . =. . Important terms. Sovereignty. is the idea that a territory . or region . has supreme authority over itself. Autonomy. is the idea that a person, state, territory, etc. can make decisions for itself, without outside interference. What do you know about economic systems?. THINK – PAIR – SHARE . Grab a piece of paper and ask yourself:. What do I know about economic systems?. What examples can I think of?. Share your ideas with a friend. ANDERSONVILLE PRISON: AN ECONOMIC MICROCOSM. Economic System. : a collection of laws, institutions and, . activities, that provide a framework for . economic decision-making . Command Economy. : economic decision-making is made . How . do economic systems answer the questions of what, how, and for whom to produce?. Standards:. SS6E1a. , SS6E5a, SS6E8a. . Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. a. Compare how traditional, command, and market economies answer the economic questions of . (1) what to produce, (2) how to produce, and (3) for whom to produce. . b. Explain how most countries have a mixed economy located on a continuum between pure market and pure command. . Principles of Business, Finance and Marketing. Satisfying Wants & Needs. Economic Choices. Economic Systems. Supply and Demand. Unit 1.01. Wants. Not necessary for survival, but add comfort and pleasure to our lives. How do I differentiate between the different types of economies?. What is the most effective economy system? Explain.. Essential Question. THOUGHT QUESTION:. ARE THERE STRENGTHS AND WEAKNESSES IN EACH ECONOMIC SYSTEM?. . (EPS). 2295 Gateway Oaks Drive, Suite 250, Sacramento, CA 95833. 916.649.8010 • 916.649.2070 fax. presented to . California State Association of Counties. Enhanced Infrastructure Financing . Districts and . do economic systems answer the questions of what, how, and for whom to produce?. Standards:. SS7E1a, SS7E5a, SS7E8a. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce,... Disclaimer. : The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve System.. TEKS. Economics. The student understands the concepts of scarcity and...