PPT-Government and Our Economy

Economic Standards 2 and 3 Roles of the government in our economy Protecting property rights Maintaining competition Protecting consumers savers and investors Protection workers Providing public goods. 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.. Economic decisions are not always made by individuals, companies, families, or cultural groups.. In a. command economy, . production and distribution are directed by one person or a small group of people who form the government.. Government Intervention. In a market economy, individuals (businesses, corporations, etc) , along with the forces of supply and demand, answer the basic problem of scarcity.. However, there are many cases in free market economies where the government has chosen to become involved in the economy.. SSEF5 The student will describe the roles of government in a market economy. . a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures. . IV. Fiscal and Monetary Policy. Objectives. Describe the overall goals of the Federal Government’s actions in the economy.. Explain the features and purposes of fiscal policy.. Explain the features and purposes of monetary policy.. 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…. The Evolution of Modern Liberalism . The economic conditions that made possible the immense fortunes of Frick (known for his ruthless business practices) and other robber barons like him were largely due to the adoption and the principles of economic liberalism in the United States, Canada, Great Britain, and other industrialized countries near the beginning of the 20. =. . 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. Welcome Knight Time. Find a seat and settle in. Are you ready for your final. According to supporters of capitalism, which of the following would be regarded as the economic motivator??. Competition. Chapter 16. Section . 1: . Government . Intervention in the Economy. Our U.S. economy is a . capitalistic. economy. . Private . citizens . own. and use the factors of production to seek a profit.. and market failure. In this theme, students will consider how markets work, looking at how supply and demand interact to allocate resources in local, national and international markets. They will learn how to apply supply and demand analysis to real-world situations and be able to offer explanations of consumer behaviour. This will involve looking at both how consumers act in a rational way to maximise utility and how. China, India, Japan,. & North Korea. Standards. SS7E8 . The student will analyze different economic systems. . a. Compare how traditional, command, market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. . SSEF5. Overview. Government has an active role in establishing a framework or rules of the game in economic life. . In the United States, this activity involves:. Preserving and fostering competition. 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?.