Slide 1Economic Systems Slide 2 An economic system describes how a countrys economy is organized An economic system describes how a countrys economy is organized Because…

1. Economic Systems Unit 12 Notes 2. Different Economic Systems • Scarcity refers to the limited supply of something – Every country must deal with the problem of scarcity…

1. Economic Systems UNIT TEN NOTES 2. Economic Systems Aneconomic systemdescribes how a country’s economy is organized Because of the problem ofscarcity , every country…

Slide 1 Economic Systems Slide 2 Thursday, 3/1  Write your homework in your agenda  Write and answer the following question on page 131:  What is a tariff? Slide…

Slide 1 Chapter 2 Slide 2  Economic System ◦ A particular set of institutional arrangements and a coordinating mechanism to respond to the economizing problem Slide…

Slide 1  Economics 101 Slide 2 What is Economics?  The study of how a society uses it’s resources to produce and distribute goods and services, satisfying wants and…