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HOLT, RINEHART AND WINSTON1 CIVICS IN PRACTICE HOLT Chapter 18 Goods and Services Section 1:American Production American ProductionAmerican Production.

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Presentation on theme: "HOLT, RINEHART AND WINSTON1 CIVICS IN PRACTICE HOLT Chapter 18 Goods and Services Section 1:American Production American ProductionAmerican Production."— Presentation transcript:

1 HOLT, RINEHART AND WINSTON1 CIVICS IN PRACTICE HOLT Chapter 18 Goods and Services Section 1:American Production American ProductionAmerican Production Section 2:Distributing Goods Distributing GoodsDistributing Goods Section 3:You the Consumer You the ConsumerYou the Consumer

2 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON2 The Main Idea American systems of mass production have made it possible to produce goods more efficiently, which raises the U.S. standard of living. The American economic system has made our economy one of the most successful in the world. Reading Focus What are goods and services, and why are they important in the economy? What are the main features of modern mass production? What is the service sector of the economy? How are profit, risk, and innovation related? Section 1:American Production

3 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON3 Production of Goods and Services from Resources [01:38 ]

4 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON4 Mass Production and Power [02:33]

5 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON5 Main features of modern mass production: Machine toolsproduce parts that are exactly the same Machine toolsproduce parts that are exactly the same Interchangeable partseasily fit with other parts and are easily replaced Interchangeable partseasily fit with other parts and are easily replaced Division of laborspecialization in each area of production speeds the process Division of laborspecialization in each area of production speeds the process Assembly linemachines and workers move product through production stages Assembly linemachines and workers move product through production stages Section 1:American Production

6 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON6 Changing power sources: Early factories used water power. Early factories used water power. Late 1700sSteam power replaced water power. Late 1700sSteam power replaced water power. Late 1800sinternal combustion engines; electricity Late 1800sinternal combustion engines; electricity Section 1:American Production

7 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON7 The profit motive drives the economy: Encourages people to take risks Encourages people to take risks Encourages innovations in production and marketing Encourages innovations in production and marketing Section 1:American Production

8 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON8 Question: What are the main features of modern mass production? Three Main Features of Mass Production standard parts division of labor machine tools SECTION 1

9 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON9 The Main Idea Producing goods is only the first step in filling consumers needs. Getting goods to consumers involves a complex transportation system that makes it possible for American businesses to sell their goods throughout the country and the world. Reading Focus How are goods transported from manufacturers to consumers? How are services delivered to consumers in the United States? ? How are goods and services marketed to consumers? Section 2:Distributing Goods

10 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON10 Transportation and the U.S. economy: Transportation systems move products around the country. This is called distribution. Transportation systems move products around the country. This is called distribution. Railroadscreated a single large market in the United States; chief source of transportation through the mid- 1900s Railroadscreated a single large market in the United States; chief source of transportation through the mid- 1900s Air transportationcarries mail and transports freight with great speed Air transportationcarries mail and transports freight with great speed Highway systemautomobiles are the leading means of transportation today Highway systemautomobiles are the leading means of transportation today Section 2:Distributing Goods

11 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON11 Benefits of mass marketing: Sells goods in large quantities Sells goods in large quantities Self-servicesaves time and labor; many customers can shop at the same time Self-servicesaves time and labor; many customers can shop at the same time Standard packagingfewer items must be weighed or measured Standard packagingfewer items must be weighed or measured One-price systemprices are stamped onto the products; eliminates most bargaining One-price systemprices are stamped onto the products; eliminates most bargaining Bar codesenable stores to keep up with inventories and collect information Bar codesenable stores to keep up with inventories and collect information Section 2:Distributing Goods

12 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON12 Manufacturers, wholesalers, and retailers work together: Manufacturers sell to wholesalers in large quantities. Manufacturers sell to wholesalers in large quantities. Wholesalers store goods and sell them to retailers. Wholesalers store goods and sell them to retailers. Retailers sell goods to the public. Retailers sell goods to the public. Wholesalers link the factory to the retailer. Wholesalers link the factory to the retailer. Section 2:Distributing Goods

13 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON13 Question: What are the benefits of mass marketing? SECTION 2 efficient inexpensive Benefits of Mass Marketing

14 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON14 How Does Advertising Work? [04:08]

15 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON15 The Main Idea As consumers, we learn about the products we buy so that we can make the best choices. Some independent and governmental organizations help protect consumers interests. Reading Focus What are the keys to becoming a wise consumer? What should a consumer consider in deciding to buy on credit? What do independent organizations and the government do to protect consumers? Section 3:You the Consumer

16 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON16 Wise consumers study advertisements for special sales and use coupons. study advertisements for special sales and use coupons. judge product quality and buy only what serves their needs. judge product quality and buy only what serves their needs. study product labels. study product labels. compare various products, brands, stores, and prices. compare various products, brands, stores, and prices. read warranties and instructions. read warranties and instructions. Section 3:You the Consumer

17 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON17 Independent organizations and the government protect consumers. Government labeling requirements provide contents, health, and safety information. Government labeling requirements provide contents, health, and safety information. The Better Business Bureau assists consumers with unfair business practices. The Better Business Bureau assists consumers with unfair business practices. Government agencies protect consumers from false advertising, health and safety risks, and mail fraud. Government agencies protect consumers from false advertising, health and safety risks, and mail fraud. States and cities provide consumer protection offices. States and cities provide consumer protection offices. Consumers Union publishes reports on most products sold. Consumers Union publishes reports on most products sold. Section 3:You the Consumer

18 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON18 Installment plans and charge accounts: Charge accountsconvenient; can help establish good credit; interest rates make debt harder to pay off Charge accountsconvenient; can help establish good credit; interest rates make debt harder to pay off Installment plansallow purchases without paying the full amount up front; buyer uses product while paying for it; product can be repossessed if payments are missed; service charges and interest rates increase the total cost Installment plansallow purchases without paying the full amount up front; buyer uses product while paying for it; product can be repossessed if payments are missed; service charges and interest rates increase the total cost Section 3:You the Consumer

19 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON19 Being an Informed Consumer [03:53]

20 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON20 Question: What do independent organizations and the government do to protect consumers? SECTION 3 set and enforce regulations publish product comparisons and reports help consumers when treated unfairly publish consumer information How Independent Organizations and Government Help Consumers

21 CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTON21 Chapter 18 Wrap-Up 1.What are the three main features of mass production? 2.What incentive is a key part of mass production, and why is it important? 3.Why does the U.S. economy depend on the transportation and marketing of goods? 4.How are products distributed from the manufacturer to the customer? 5.What choices are available to help consumers make smart purchases? 6.What are the advantages and disadvantages of using charge accounts, credit cards, and installment plans? 1.What are the three main features of mass production? 2.What incentive is a key part of mass production, and why is it important? 3.Why does the U.S. economy depend on the transportation and marketing of goods? 4.How are products distributed from the manufacturer to the customer? 5.What choices are available to help consumers make smart purchases? 6.What are the advantages and disadvantages of using charge accounts, credit cards, and installment plans?


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