Bead Game Simulation Traditional Market Command Total Team 1 Team 2

Bead Game Simulation Traditional Market Command Total Team 1 Team 2

Reflection Questions Which system had the most incentive to work? Why?
Which system had the least incentive to work? Why? Which system was the most inefficient by modern standards? Explain. Which system would you like to live in, why?

Standards Mastery Sheet
Total Correct Total Number Mastery Percentage SSEF1a 1 2 3 4 5 37 + - 6 67 SSEF1b 9 10 11 12 13 15 16 39 SSEF1c 8 21 22 23 SSEF1d 17 18 19 20 26 40 SSEF2a 24 25 27 28 29 30 31 32 33 34 35 36 SSEF2b 7 14 38

Economic System Economic System – method used by society to allocate/distribute the scarce resources, in order to provide for the wants and needs of the people

Three Economic Questions
What goods and services should be produced? How should these goods and services be produced? For Whom to produce them for?

Four Economic Systems Traditional economy – relies on habit, custom, or ritual to decided the 3 economic questions Market economy – economic decisions are made by buyers and sellers trading freely. Command Economies – in a centrally planned economy, the central government decides how to answer the three economic questions. Mixed Economies – most modern economies are mixed economies, market-based economic systems in which government plays a role in the market.

Daily Assignment Chapter 2 Section 1 – pgs. 23-27
Bead Game Simulation

Economic Freedom Economic Freedom - freedom to make choices free of the government Individual – where to work, study, consume Business – what, where and how to produce

Economic Efficiency Economic Efficiency - making the most of scarce resources, using your resources wisely and productively Technological innovations allow society to be more productive Humans to robots

Economic Security Economic Security - government will provide a safety net in times of economic downturns Social Security, welfare, unemployment checks, etc.

Economic Predictability
Economic Predictability - knowing that goods and services will be consistently available Gas, food, energy, etc.

Economic Equity Economic Equity - Fairness, being paid according to your skill level, not being discriminated against Lebron James is higher paid than a teacher A teacher is higher paid than a cashier at Wal-mart

Economic Growth Economic Growth – improving the economy from year to year, improving standard of living as measured by GDP. Individual – better jobs, nicer homes, newer cars….better stuff! Business – produce more, increase customers, open new factories, etc.

Economic Innovation Economic innovation – improving upon existing technology in order to improve efficiency. Walkman to the iPhone, Record Player to Digital Media

Additional Goals Additional Goals – future goals for a society
Environmental protection, full employment, universal medical care, etc.

Economic Goals and Societal Values Poster Project – pgs. 26-27
Poster Requirements: Title - Economic Goals and Societal Values Summary Statement – “The Economic Goals and Societal Values provide a basic framework for each society and their attempts to provide for their people.” Pictures of each goal represent each of the economic and social goals. 1 if working alone 2 if working with a partner 3 if working with a group of 3 Label, describe and summarize each picture Economic Freedom Economic Efficiency Economic Security Economic Predictability Economic Equity Economic Growth Economic Innovation Additional Goals Economic Efficiency Picture Summary: This picture represents assembly line production at an automobile manufacturing plant. This shows how the division of labor and specialization can increase efficiency.

Economics Goals and Societal Values Poster Project pg. 23 - 27
Economic Goals and Societal Values Summary Statement: The Economic Goals and Societal Values provide a basic framework for each society and their attempts to provide for their people. Economic Predictability Economic Security Economic Efficiency Definition: picture represents an efficient use of resources through assembly line production Economic Innovation Economic Growth Additional Goals Economic Freedom Economic Equity Poster Requirements: Title - Economic Goals and Societal Values Summary Statement – Purpose of economic and Societal Values At least 8 pictures to represent each of the Economic Goals and Social Values Label, definition and picture description for each of the 8 Economic Goals and Societal Values

Review Economic Goals Statements Economic Goal
Last week I willingly enrolled in college courses at Coastal. I am so happy that I make my decisions about my future. My uncle lost his job, but thankfully he is able to receive unemployment checks. Wal-Mart recently upgraded all of their registers to touch screen monitors. General Motors replaced all of their human workers with robots in order to increase productivity. As a result of the internet and technology, our economy has experienced significant expansion over the past 30 years. I can always expect Publix to have the food I like! Hopefully in the future we will have full employment. With every degree/skill I earn, I improve my ability to make money. 1. Economic Freedom 2. Economic Security 3. Economic Innovation (Efficiency) 4. Economic Efficiency (Innovation) 5. Economic Growth (Innovation) 6. Economic Predictability 7. Additional (Future) Goals (Equity) 8. Economic Equity (Growth)

Activator Imagine that you are walking into Walmart. List 3 items that you could purchase and the departments that you would find them in.

The Free Market Market – buyers and sellers meet to exchange goods and services Market Economy – economic decisions are made by consumers and businesses based on buying and selling of goods and services All resources are privately owned Any income derived from selling resources goes exclusively to the owner The government has no role

Role of the Consumer Consumer Sovereignty - in a free market, consumers determine the goods that are produced; this makes them "sovereign" over production in an economy. “Ruler” of the market; expressed through a dollar vote for products when we make purchases. “The customer is always right”. When consumers buy products, their “dollar vote” signals to producers what to make and how much.

Specialization Specialization – the separation of tasks within a system; people focus on a specific purpose/task Division of Labor – Workers perform fewer tasks in order to operate more efficiently

Specialization Examples
Glynn Academy – teachers in different departments Each teacher can master their content Present it in the most efficient manner possible Social Studies Science Math English

Specialization Examples
Rancher Slaughter House Meat Cutter Final Good (Output) Consumer Good Publix Worker

Specialization and Efficiency
Productivity – average amount of output (good or service) per unit of input (labor, machine, etc.) Increased productivity means to do more with less Capital investments allow increased efficiency

Productivity Mary looks over reports on four of her workers. Jack made 25 baskets in 5 hours. Walter made 36 baskets in 6 hours. Rudy made 40 baskets in 10 hours. Sam made 22 baskets in 4 hours. Jim made 50 baskets in 10 hours. Who has the greatest productivity? Jack 25/5 = 5 Baskets per hour Walter 36/6 = 6 Baskets per hour Rudy 40/10 = 4 Baskets per hour Sam 22/4 = 5.5 Baskets per hour Jim 50/10 = 5 Baskets per hour Walter has the greatest productivity

Productivity Creates Wealth
3rd World Countries Developed Countries 29

Households and Firms Household – Person or group of people living in a residence Consumers - use the finished goods and services (outputs) to satisfy wants and needs Firm – business, organization that uses factors of production (inputs) to produce a product, which it then sells Suppliers – transform “inputs” (F.O.P.) into “outputs” (products)

Product Markets Product Markets – Households and firms interact; producers sell their goods and services to consumers Households are buyers of goods and services Firms are sellers of goods and services (outputs)

Factor Markets Factor Markets – the markets where productive resources (F.O.P)/Inputs are bought and sold Labor - Firms (businesses) hire workers and pay them salaries Land - Purchased/rented land Capital - Use money from households (savings, investment, etc) to purchase capital goods

Product Market Factor Market Market for F.O.P
Circular Flow Model of Economic Activity – shows the flow of money and goods/services from and to businesses and households Consumer Spending Business Income/Revenue Product Market Market for Goods and Services Firms sell Households Buy Consumer Goods and Services Final Goods and Services Sold Households Buy and Consume Goods and Services Own and sell the F.O.P Firms (Business) Produce and sell Goods and Services Hire and use F.O.P. Land, Labor, Capital - provided by household Inputs for Production (F.O.P.) Factor Market Market for F.O.P Households sell Firms buy Income to Households/Individuals Payment for F.O.P. – Rent (Land) Wages (Labor), Interest (Capital), Profit (Entrepreneurs)

Application Questions
In the factor market, what do businesses provide households? The flow of goods and services in the product market is represented by which firm and products on the model below? When you apply for a job at the local Starbucks which market are you in? Which color arrows represent the flow of money; what color arrows represent the flow of inputs and outputs. Income/payment the F.O.P Starbucks/Coffee Factor Blue/Tan

Daily Assignment - Circular Flow Model of Economic Activity
Consumer Spending 1. _________________________ Business Income _________________________ Product Market Goods Purchased 1. ______________________________ 2. _______________________________ Goods Offered 1. ___________________________ 2. ___________________________ Household ________________________ Firm Firm 1. _____________________________ Firm 2. _____________________________ Input for Production 1. ___________________________ Factor of Production Offered 1. ___________________________ Factor Market Weekly Income 1. __________________ Payments for F.O.P 1. _________________

Circular Flow Model of Economic Activity
Consumer Spending 1. _________________________ Business Income _________________________ 9.49 9.49 Product Market Goods Purchased 1. ______________________________ Goods Offered 1. ___________________________ 2. ___________________________ 3.___________________________ Fajitas Tacos Burritos Fajitas Household ________________________ Firm Firm 1. _____________________________ Firm 2. _____________________________ Elisa Marcella Cilantros Books a Million Input for Production _________________________ ________________________ Factor of Production Offered 1. ___________________________ Stockers Coffee Sellers Cashiers Labor/Salesperson Factor Market Payments for F.O.P ________________ Weekly Income 1. __________________ 200 3000- Lease 2200 – Electric 400 - Water

Stossel - Rinkinomics

American Free Enterprise
Economic Freedom Competition Private Property Rights Self-Interest Voluntary Exchange Profit Motive Description Description Description Description Description Description Example Example 1. Example 1. Example 1. Example 1. Example 1.

Economic Freedom Description - Individuals’ right to choose your occupation and what to buy. Firms’ right to hire or produce. The right to conduct yourself with little government interference. Examples: 1. I had the freedom to become a teacher and a coach; I can buy whatever I want. 2. Firms range from automakers to fast food.

Voluntary Exchange When individuals willingly engage in a transaction where both parties benefit. Allows people to decide what and when they want to buy and sell, rather than forcing them to buy and sell at particular times or specific prices Examples: When I get a haircut, I get a fresh look, Sportsclips gets my money When I buy gasoline, I get energy for my car, the firm gets my money

Private Property Rights
Description – Individuals and businesses have the right to buy and sell as much property as they want Property owners can prohibit others from using their property The fifth amendment protects us from the federal or state governments taking our property for their own use. Examples: Households and firms are encouraged to own property and enjoy the protection of the property Firms can own and operate their business with limited interference from the government

Profit Motive The force that encourages people and organizations to improve their material well-being Examples Many people in our society are driven by the desire to make money, which ultimately benefits the market People in the U.S. are rewarded for innovations and efficiency via cash incentives

Competition Competition – efforts among sellers/producers to attract consumers at various prices At the heart of market economic philosophy Examples: Mcdonalds vs. Burger King Walmart vs. Target

Circular Flow Model of a Mixed Economy
Consumer Spending/Investing Business Income/Revenue Product Market Goods and Services Sold Goods and Services Purchased: Taxes Taxes Households Expenditures Expenditures Firms Land, Labor, Capital, Entrepreneur Inputs for Production (F.O.P.) Taxes Taxes Factor Market Income to Households/Individuals Payment for F.O.P. – Wages, rent, capital goods

Role of the Government in a Market Economy
Government acts an informer, protector, provider, and regulator Government has the responsibility to protect property rights, contracts and other business activities

Role of the Government in a Market Economy
Government has the responsibility to protect property rights, honor contracts, protect against discrimination, monopolies or unfair business practices

Role of the Government as Informer
Make sure that producers provide consumers with accurate information Consumers use govt. info. to protect themselves from dangerous products and fraudulent claims.

Role of Government as Regulator
Role of government as a protector: Federal government acts to preserve competition, regulates airlines, communications, banking, etc. Though they do not control it, they impose various restrictions on the private market Gas stations, must dispose of used motor oil properly Zoning laws, prevent homeowners from running businesses out of their homes

Negative Effects of Regulation
Government regulation can have negative effects on businesses and consumers Negative effects: Government rules can increase the cost of business Stifled competition can lead to high prices Increase of governmental spending can lead to higher taxes

Government as a Provider
Public sector- the part of the economy that involves the goods provided by the government Private sector- the part of the economy that involves the goods provided by private firms

Public Goods and Services
Public Good/Service - A shared good or service for which it would be impractical to make consumers pay individually and to exclude nonpayers. Education, military, National Park, Snow Removal, Fireman

Redistribution of Income
When the government takes from one group and reallocates to another group Welfare, Social Security, Unemployment, Food Stamps, etc.

Market Failure The market, on its own, does not distribute resources efficiently, choices made by individuals determine what goods get made, how, and how much Free riders, monopoly, roads and bridges in a sparsely populated area, etc.

Negative Externalities
Negative Externality – negative effects experienced by people that had no part in the consumption of a good or service Cigarette smoker, chemical waste dumping, foreclosures and property values, etc.

Negative Externalities
Negative Externality – negative effects experienced by people that had no part in the consumption of a good or service

Positive Externalities
Goods/services that generate benefits to many people, not just those who pay for the goods Education, better technology, medicine, etc.

Free-Rider Problem A free rider is someone who would not choose to pay for a certain good or service, but who would get the benefits of it anyway if it were provided as a public good

Application Question Write an example of a negative and positive externality. What kind of government regulation could be used to eliminate your negative externality?

Command Economies Command – central authority owns and operates the Factors of Production Centrally Planned Economy – central government answers the three economic questions; WHAT to produce, HOW to produce, and FOR WHOM to produce Oppose private property, free market pricing, economic freedom

Socialism and Communism
Karl Marx – German social philosopher that studied economic systems in Europe Communist Manifesto – written by Marx and Frederick Engels became basis for modern-day command economies Thought capitalism would fail because it put too much wealth in the hands of few and left everyone else poor Believed in a “no-class” system, where all share in wealth/power Socialism – distribution of wealth and F.O.P. equally amongst society Communism – political and economic system with centralized economic decision-making Authoritarian Government – exact strict obedience from their citizens; do not allow individual freedom

Chapter 2 Section 2 – Daily Assignment
Economic Profile Adam Smith pgs. 33 What was Adam Smith’s ethnic and professional background? What was the name of the book that he published; when was it published? What did Smith identify in the book? What did he assert about specialization and division of labor? What did he believe about the role of government in the economy? Define the French term Laissez Faire; why did Smith believe in Laissez-Faire economics? What is meant by his metaphor of the Invisible Hand? How do both consumers and businesses benefit from this philosophy? Scottish, Philosopher, Professor Wealth of Nations Land, labor and capital as the factors of production that generate wealth Productivity increases through specialization Government must leave individuals as free as possible to pursue their interests Individuals try to pursue their own self-interest will benefit all of society Let them do as they please Consumers buy what they want, producers supply for profit

Chapter 2 Section 3 – Daily Assignment Questions “The Former Soviet Union” pgs. 36-38
How did the Soviet Union arise? Where did Soviet planners allocate the factors of production? How did the Soviet Union control agriculture? What three industries did Soviet Planners favor? How did the Soviet Union view entrepreneurial endeavors? What was the quote used by Soviet consumers as a joke? Why were Soviet Consumers’ left unsatisfied? Page 39 – Russia in Crisis How did many Russians initially respond to the Communist collapse? What happened over the next decade? How did Russia deal with corruption? What were some characteristics of Russia’s financial problems? What evidence can be seen that success is in sight?

Do Now Ch 2 Section 3 What economic system matches each scenario?
You have two cows. You trade one to your neighbour for a bull. You only produce what you need to survive. Scenario 2 The State takes both and gives you just enough milk to live Scenario 3 You sell one and buy a bull. Your herd multiplies, and your wealth grows. You sell your herd and retire on the income. What economic system matches each scenario? Which scenario do you think is the most ideal and why? Which scenario do you think sounds the most like the United States? Why? What countries do you know of that could fall into scenario 2.

What to Produce? How to Produce it? For Whom to Produce? Tradition
Command Market What to Produce? How to Produce it? For Whom to Produce? Whatever is necessary for the tribe to survive. Whatever the government tells them to produce. Whatever is in demand by the consumers. The most efficient method possible; technological innovations. Based on tradition, habit and custom; the way its always been done. Based on the government. The tribe Whoever the government tells them to produce it for. Consumers that are willing to purchase.

Daily Assignment – Comparing Economic Systems
Tradition Command Market 1. 2. 3. 4. 5. 6. 7. 8. 9. Central African Mbuti North Korea United States Canada Japan South Korea Singapore Germany France Great Britain Western Europe Australian Aborigines Cuba Inuits of Canada China Examples Former Soviet Union Everyone knows their role in society/economy Change economic direction in a short time Adjust to change over time Individual economic freedom Limited government interference Decision-making is decentralized Variety of goods and services High degree of consumer satisfaction Advantages Health and public services are available at little or no cost (regardless of income) Economic questions are answered based on tradition Discourages new ideas Not designed to meet wants of consumers Does not provide basic needs for everyone Lack of public goods by private markets High degree of uncertainty, job loss, competition Market failures (monopoly) Does not give incentive to work hard Disadvantages Large decision-making bureaucracy Lack of progress, lower standard of living Lack of economic flexibility Lack of economic freedom, profit motive

Thanksgiving, bouquet toss, shaking hands
What traditions are mentioned regarding American society? List some additional traditions that you have in your family. How did the Inuit exemplify a traditional economic system? How did the State Planning Commission determine the direction of the Soviet economy? What shortcut did Soviet workers take in order to fill their quotas; what did it lead to? How did the State Planning Commission respond to a shortage of male workers? Describe what a “dollar vote” indicates. Describe how the market adjusted from the 1970s gas shortage, to the 1980s. What examples are provided of the various goods and services provided in a market economy? How do both the majority and minority end up satisfied in a market economy? What are the three conditions that must be met to ensure that market economies do not fail? Thanksgiving, bouquet toss, shaking hands Open one present on Christmas Eve Share the spoils of the hunt Determined the needs based on governmental decisions Made their products heavier Made the women go to work Spending money to show firms what to produce People bought less gas-guzzling cars and bought more fuel-efficient ones Internet, electric dog collars, Cable TV Both can get what they want Competition, Flexibility, Access to information

Modern Economies Free Enterprise – competition in the marketplace is allowed to flourish with no interference from government Modified Free Enterprise (mixed economy) – businesses are free to compete with some government regulation/intervention Centrally Planned Free Market Mexico France South Africa Poland Japan United Kingdom Hong Kong Canada Singapore United States North Korea Cuba Iran China

Laissez Faire in a Modern Economy
Laissez Faire – no government intervention in the economy Some government intervention is necessary in the economy; some needs are difficult to answer in the marketplace National defense, roads and highways, education, etc… Government acts a protector, regulator and overseer of economy

Government Money Taxes from both households and businesses
Income tax, state income tax, social security, Medicare/Medicaid, unemployment insurance, etc.

Government in the Factor Market
Government purchases land, labor, and capital from households United States gov’t pays 2.8 million employees $9.7 billion for labor

Government in the Product Market
Government purchases goods and services from firms (businesses) Office supplies, telephones, computers, etc.

Daily Assignment – Economic Goals
Market Command Tradition Economic Freedom Yes - People can produce what they want, how they want to and for whom No - Many aspects of economic activity are tightly controlled by the government No - Extremely limited, a person’s role in society is based on custom, heritage and tradition Economic Efficiency Economic Security Economic Predictability Economic Equity Economic Growth Economic Innovation Yes – specialization, wise use of resources leads to profit No – Many resources go unused, Cuba 50% of fertile land is not utilized Yes/No – Tribal living does not waste resources/lack modern standards of efficiency and growth No – a pure market economy prescribes to laissez faire. (mixed economies have some safeguards) Yes - employment and government sponsored programs are assured Some – your job and provisions are guaranteed by your tribe Yes – most market economies have high levels of resource predictability No – command economies struggle to meet the needs of the consumer No – in most cases unpredictable, because resources can become scarce Yes – fairly paid based on your skills No – private incentive, profit motive do not exist No – based on customary means of production not fair pay for acquired skills Yes - a fast rate due to competition and profit motive Slow - lack of growth because of a lack of efficiency and profit motive No - lack of growth due to a lack of productivity and innovation Yes – innovation and technology leads to profit Limited – lack of innovation because of a lack of profit motive No – lack of modern innovations

Junk!!! Chapter 2 – VIS Terms Traditional Economy Command Economy
Market Economy Market Free Market Specialization Division of Labor Household Consumer Firm Supplier Product Market Factor Market Centrally Planned Economy 15. Socialism 16. Communism 17. Authoritarian 18. Laissez-Faire Junk!!!

Daily Assignment Group Presentations
Using the Chart Below, identify each groups Economic Goals and Societal Values and the picture they used to represent each goal. Group Number Economic Goal Picture

Include On Your Test Junk!!! Name Date (1-30) Class Period
Chapter 2 Test ID: A, B, C Junk!!!

Due Today Junk!!! Economic Systems D.A. Video Questions - North Korea
Circular Flow (Elisa and Marcella) Comparing Economic Systems - Reflection Questions and Chart Free Enterprise Flow Chart Study Guide Chapter 2 CW Puzzle Terms Ch. 2 Daily Tens (9) Essential Questions (3) Notes Test Standard Sheet (include original test answers + corrections) Junk!!!

Study Guide Chapter 2 Economic System
What to produce, How to produce them, Who to produce them for Economic: efficiency, freedom, security, predictability, equity, growth, innovation, additional goals Tradition, custom, ritual, habit Central planners dictate the what, how, for whom Buying and selling of households and firms Market Market economy Capitalism Households and Firms Input is something used to produce and output, which is a final good or service Product Factor Adam Smith, Wealth of Nations

Study Guide Chapter 2 Be limited in its role in the economy, “Let them do as they please”. Invisible Hand See Circular Flow a) Product when it changed hands from the household to the firm Factor, labor Grills, hostesses, cashiers Factor Karl Marx, Communist Manifesto That it would fail because it put too much money in the hands of the rich and not in the hands of the poor Communism, Socialism Authoritarian Economic Freedom Property Rights Profit Motive Voluntary Exchange Competition

Include on Test Name Date (9-4) Class Period ID: A, B or C
Test Economics Systems

Study Guide Chapter 3 Economic Freedom Property Rights Profit Motive
Voluntary Exchange Competition

Extra Credit Give an example of a positive and negative incentive.
Explain why the United States is not a true “pure market/free enterprise” system.

Extra Credit Which type of economic system do you think is the best method for allocating scarce resources? Explain why. Other than the goal that you identified on your test, write the one that you think is the next most important. Explain why.

Economic Goals and Societal Values - pgs. 23-27
Economic Goal and Societal Values Summary Example Economic Efficiency Economic Freedom Economic Security and Predictability Economic Equity Economic Growth and Innovation Additional Goals Manufacturer knowing the best way to use resources wisely (Assembly Line) Making the most of scarce resources Freedom from government intervention in the production and distribution of goods/services Working where you want, spending money the way that you want, owning a business, etc. Knowing that goods and services will be available, payments made on time, government will provide a safety net in times of economic downturns Security – Unemployment Checks, Social Security, Stimulus Money Predictability – gas at gas pumps, food at store Lawyers earn more than nurses, computer programmers more than truck drivers Fairness, being paid according to your skill level, not being discriminated against Economic growth refers to improving standard of living and GDP. Innovation, improving existing technology. Agricultural age to industrial age to information age. Innovations in computers, communication. Future goal for society. Environmental protection, full employment, universal medical care.

Circular Flow Model of Economic Activity
Consumer Spending/Investing Business Income/Revenue Product Market Goods and Services Purchased: Caramel Frappuccino Goods and Services Sold Households Firms Land, Labor, Capital, Entrepreneurs Inputs for Production (F.O.P.) Factor Market Income to Households/Individuals Payment for F.O.P. – Wages, rent, capital goods

Tradition – based on habit, ritual, custom
Essential Question #1 +2 How do each of the economic systems answer the three economic questions? How does the Circular Flow model show a market economy? Tradition – based on habit, ritual, custom Market - based on buyers and sellers Command – based on central planners/government Mixed – market based with some government regulation Flow of money from households to firms (product market), firms to households (factor market). Flow of final goods and services (outputs) to households (product market), and factors of production (inputs) to the firm (factor market). 3. What do the economic and social goals help us to understand? Explain how each society provide goods and services for their people in light of scarce resources.

Tradition – based on habit, ritual, custom
Essential Question #1 How do each of the economic systems answer the three economic questions? Tradition – based on habit, ritual, custom Market - based on buyers and sellers Command – based on central planners/government

Essential Question # 3 3. What do the economic and social goals help us to understand? Explain how each society provide goods and services for their people in light of scarce resources.

Vince Lombardi “What it Takes To Be Number 1”
"Winning is not a sometime thing; it's an all the time thing. You don't win once in a while; you don't do things right once in a while; you do them right all the time. Winning is a habit. Unfortunately, so is losing. There is no room for second place. There is only one place in my game, and that's first place. I have finished second twice in my time at Green Bay, and I don't ever want to finish second again. There is a second place bowl game, but it is a game for losers played by losers. It is and always has been an American zeal to be first in anything we do, and to win, and to win, and to win. Every time a football player goes to play his trade he's got to play from the ground up-from the soles of his feet right up to his head. Every inch of him has to play. Some guys play with their heads. That's O.K. You've got to be smart to be number one in any business. But more importantly, you've got to play with your heart, with every fiber of your body. If you're lucky enough to find a guy with a lot of head and a lot of heart, he's never going to come off the field second.

Vince Lombardi “What it Takes To Be Number 1”
Running a football team is no different than running any other kind of organization-an army, a political party or a business. The principles are the same. The object is to win-to beat the other guy. Maybe that sounds hard or cruel. I don't think it is. It is a reality of life that men are competitive and the most competitive games draw the most competitive men. That's why they are there-to compete. To know the rules and objectives when they get in the game. The object is to win fairly, squarely, by the rules-but to win. And in truth, I've never known a man worth his salt who in the long run, deep down in his heart, didn't appreciate the grind, the discipline. There is something in good men that really yearns for discipline and the harsh reality of head to head combat. I don't say these things because I believe in the "brute" nature of man or that men must be brutalized to be combative. I believe in God, and I believe in human decency. But I firmly believe that any man's finest hour, the greatest fulfillment of all that he holds dear, is that moment when he has worked his heart out in a good cause and lies exhausted on the field of battle - victorious." ...Vince Lombardi

Competition Article Do you agree with Vincent Lombardi’s assertion that people are born with the desire to compete why or why not? What areas do you see competition in the economy of the United States ? How is competition beneficial to our economy/society? How is it harmful to our economy/society?

Bead Game Simulation Traditional Market Command Total Team 1 Team 2

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