World economies power point

Components of Economy ,[object Object],[object Object],[object Object],[object Object]

Goods and Services T-Chart Goods Services

There are many different kinds of economies around the world, most of them fall into the following three basic categories. ,[object Object],[object Object],[object Object]

Traditional Economy ,[object Object],[object Object]

The Tuareg A Tuareg jewelry stall market, near Mandara Lake, Awbari Sea, Fezzan, Libya. Tools of the Tuareg Blacksmith Tuareg nomad boy returns home at dusk with sheep he herded all day

Command Economy ,[object Object],[object Object],[object Object]

Cuba’s Command Economy ,[object Object],[object Object],[object Object]

Market Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Mixed Economy ,[object Object],[object Object],[object Object]

Why are we not a Market? ,[object Object],[object Object],[object Object]

Supply and Demand -The market will determine the price of goods and services ,[object Object],[object Object]

Finish your Cornell Notes ,[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Create A Foldable

The Kingdom of RumTumTum ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What is Scarcity? Scarcity is the condition of not being able to have all of the goods and services one wants because resources are limited and our wants are not. Oh nooo…there is only one snickers and two of us! You’re right but I am the one getting it!!

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

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

[object Object],[object Object]

Scarcity ,[object Object],[object Object]

Factors of Production ,[object Object],[object Object]

Nations profit when they possess rich natural resources and can process them and ship finished goods to other nations. The more demand there is for a resource the more a nation can profit from its own production.

Types of Industry ,[object Object],[object Object],[object Object],[object Object],[object Object]

Primary ,[object Object],[object Object],Fishing

Secondary ,[object Object],Canning plant processes the tuna

Tertiary ,[object Object],[object Object],Supermarket sells the tuna

Quaternary ,[object Object],[object Object],[object Object],Bar codes tell the market when to reorder the fish

Economic Development ,[object Object],[object Object],[object Object],[object Object]

Scarcity Game ,[object Object],[object Object],[object Object],[object Object],[object Object]

Activity Questions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

World economies power point

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World economies power point