1. Adam smith 2. Indian Economy(1950-1990) 3. Types Of Economic Systems: 4. Capitalist economy 5. Socialist Economy: 6. China an example of a modern socialist country. 7.…
1. Types of Economic Systems 2. What is an Economy? Aneconomy , or economic system, is the way a nation makes economic choices about how the nation will use its resources…
1. Markets and Governmentin a Modern Economy 2. Markets exist because none of us producesall the goods and services we require to satisfy our needs and wants. Why Do Markets…
1. Chapter 1 Understanding the U.S. Business System 2. OutlineThe Concept of Business and the Concept of Profit Economic Systems Around the World The U.S. Economic System…
1. CHAPTER 3 THE FOUNDATIONS OF ISLAMIC ECONOMIC SYSTEM Mohd Fauzwadi Mat Ali/FPP 2. OBJECTIVES OF THIS CHAPTER To identify the types of economic systemsTo compare the types…
Slide 1Chapter 2SectionMain Menu Journal Explain the following: Want vs Need Consumer vs Producer Goods vs Services Trade-off vs. Opportunity Costs. Slide 2 Chapter 2SectionMain…
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…
Slide 1Chapter Three Population and Culture Section Two Political and Economic Systems Slide 2 Types of Economic Systems Any economic system must answer three basic questions:…
Slide 1Chapter 3.1 Understanding Culture Slide 2 What is Culture? Culture-the way of life of people who share similar beliefs and customs –We define culture using 8 elements.…