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 . The Human World. Section . 3. Political & Economic Systems. Features of Government. Today the world includes nearly 200 independent countries that vary in size, military might, natural resources, and world influence. Each country is defined by characteristics such as territory, population, and sovereignty, or freedom from outside control. These elements are brought together under a government. A government must make and enforce policies and laws that are binding on all people living within its territory.. 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. Jerzy Hausner. Aleksandra Majchrowska. Krzysztof Marczewski. Marcin Piątkowski. Grzegorz Tchorek. Jacek Tomkiewicz. Marzenna Weresa. The crisis continues. The world crisis continues and has become a ‘stubborn slowdown’ – a structural and systemic collapse.. 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. 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. Hotel Association of Canada. . March 1, 2016. Robert Hogue. (Senior Economist). (416) 974-6192 . robert.hogue@rbc.com. 2. Oil prices likely to remain low during most of 2016. Gradual increase expected to begin later this year although this is subject to substantial uncertainty. Transforming manufacturing to create a green, sustainable model. Jon Rynn. Presented at the Economic Democracy Conference. October 11, 2012. Madison Wisconsin. ManufacturingGreenProsperity.com. Systemic problems…. 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. . Questions for Review. Land. A factor of production that includes natural resources. Capital. A factor of production that includes the tools, equipment, and factories used in the production of goods and services. Questions for Review. Land (e). A . factor of production that includes . all gifts of nature. Cost-benefit analysis (p). A . way of comparing costs and benefits of making a decision. Capital (d). A factor of production that includes the tools, equipment, and . Questions for Review. Land. A factor of production that includes natural resources. Capital. A factor of production that includes the tools, equipment, and factories used in the production of goods and services. 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. THE IMPACTS OF CANADIAN OIL SANDS DEVELOPMENT ON THE UNITED STATES ECONOMY The Impacts of Canadian Oil Sands Development on the United States Economy Copyright Canadian Energy Research Institute 20