E ducation Two Types: a) Informal Education: People learn skills from their family members Usually follow in same job tracks as their parents Ex: Farming societies b) Formal Education: People learn skills from experts in various fields Have potential to be smarter than
E ducation. Two Types: Informal Education: People learn skills from their family members Usually follow in same job tracks as their parents Ex: Farming societies Formal Education: People learn skills from experts in various fields Have potential to be smarter than their parents - PowerPoint PPT Presentation
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EducationTwo Types:
a) Informal Education: People learn skills from
their family members Usually follow in same job
tracks as their parents Ex: Farming societies
b) Formal Education: People learn skills from
experts in various fields Have potential to be
smarter than their parents Ex: College
EconomyThere are three ways to
categorize economies:1. Amount of Government
Control2. Type of Economic
Activity3. Level of Development
1. Amount of Government ControlCapitalism
People own their own businesses and property and must buy services for private use, such as healthcare
Aka Free-Market EconomySocialism
Government owns many of the larger industries
Provides health, education, welfare
Allows citizens some economic choices
Communism Government owns all
businesses and farms and provides its people’s healthcare, education, and welfare