Notes ch 1 sec 3

Notes Ch 1 Sec 3 Remember Three Key Economic Questions What to make? How to make it? Who consumes these goods and services?

Laissez Faire ( Let them do) ,[object Object],[object Object],[object Object]

The Invisible Hand and Self-Interest ,[object Object],[object Object]

How is a Centrally Planned Economy Organized? ,[object Object],[object Object],[object Object]

3 Basic Economic Questions ,[object Object],[object Object],[object Object],[object Object]

Government Control of Factor Resources and Production ,[object Object],[object Object]

Socialism and Communism ,[object Object],[object Object],[object Object]

Socialism ,[object Object],[object Object]

Socialism cont. ,[object Object],[object Object],[object Object],[object Object]

Communism ,[object Object],[object Object],[object Object]

Communism Cont. ,[object Object],[object Object]

Karl Marx and Friedrich Engels ,[object Object],[object Object]

Adam Smith ~ Karl Marx ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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