PPT-Canada’s Economy Economic System &

Factors of Economic Growth Standards SS6E1 The student will analyze different economic systems a Compare how traditional command and market economies answer the economic questions of 1what to produce 2how to produce and 3for whom to produce . Della G. Rucker, AICP, CEcD. The Wise Economy Workshop. Jim . Kinnett. , CEcD, FM, EDFP. The . Kinnett. Consulting Group. Mark . Barbash. , FM. Economic Development . Consultng. Our Agenda. Changing Thoughts. Noel Dube 12R. Hitler was determined & lucky.. German & World slump already had bottomed out 1932. Economy was already improving before the handover. It was difficult to take action under the Weimar constitution. Dr. John Barry. Centre for Progressive Economics, Belfast. Political Economy. Crisis and opportunity . The race to the bottom….. ‘Economic recovery’. Recovery to what? . A return to FDI, . globalised. Markets. Market. - an arrangement that allows buyers and sellers to exchange things.. Markets exist because no one is self-sufficient. Each of us produces just one or a few products. Specialization. By Kevin . Zeese. and Margaret Flowers. Co-directors, It’s Our Economy. www.itsoureconomy.us. 1. Describe the current economic and political environments and where they are going.. 2. Describe the two-pronged approach to change economic and political power.. Joseph E. . Stiglitz. Bretton. Woods. April 10, 2011. Changing Global Economic Landscape. Unprecedented growth in Asia. Rapid convergence. China already 2. nd. largest economy. On the way to being largest economy. =. . 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. 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. . Rixie. Always remember…. Economics is the study of choices related to resources, production, and consumption. 4 Types of Economic Systems. Command. Market. Traditional. Closed. #1 Command Economies. EVOLUTION OF THE CONCEPT. Free enterprise. Economic liberty. Non-interference of the state. Invisible hand. Forces of demand and supply. Socailisation. of means of production. No private enterprise- based on self interest, private property. Canada Quebec drivers license PSD template. Fully customizable Photoshop layered PSD files. Put any Name, DOB, License No., etc. to make your own personalized driver license. Canada Passport PSD Template. Fully customizable Photoshop layered PSD files. Put any Name, DOB, Passport No., etc. to make your own personalized Canada Id. COURSE OUTCOME. CO1. . To understand the basic characteristics of economic development and growth of Indian . economy. CO2. To analyse . new economic policies (. privatization, liberalization . and globalization) in India.