Presentation on theme: "CHAPTER 13 The Economy and Politics"— Presentation transcript:
1 CHAPTER 13 The Economy and Politics Section 1: The Economic InstitutionSection 2: The Political Institution
2 Objectives: Section 1: The Economic Institution Compare and contrast the characteristics of the capitalist and the social economic systems.Discuss developments that have transformed the American economic system.
3 Economic Models of Capitalism and Socialism Section 1: The Economic InstitutionEconomic Models of Capitalism and SocialismCAPITALISM:Factors of production are owned by individualsForces of profit and competition regulate economic activityMinimal government interference
4 Economic Models of Capitalism and Socialism Section 1: The Economic InstitutionEconomic Models of Capitalism and Socialism(continued)SOCIALISM:Factors of production are owned by the governmentEconomic activity regulated by the governmentPure form is communism
5 Economic Models of Capitalism and Socialism Section 1: The Economic InstitutionEconomic Models of Capitalism and Socialism(continued)BOTH:Exist in industrial and postindustrial societies“Pure” forms are ideal types
6 The American Economy Section 1: The Economic Institution Rise of Corporate Capitalism – has changed the relationship between business ownership and controlEconomic Globalization – many of the large corporations are also multinationalThe Changing Nature of Work – shift from an industrial base to a service base due, in part, to technologyE-Commerce – business conducted over the internet, which is based on information
7 Objectives: Section 2: The Political Institution Explain how the exercise of power varies by type of governmentDescribe the major characteristics of the U.S. political system.
8 The Exercise Of Power Section 2: The Political Institution Traditional authority – power that is based on long-standing customRational-Legal – based on formal rules and regulationsCharismatic – based on a leader’s charisma
9 The U.S. Political System Section 2: The Political InstitutionThe U.S. Political SystemDominated by two major political parties – Democrats and RepublicansIncludes interest groups and PACs, which help groups with minority views influence government decisionsHas proportional representation, but debate exists over who holds power
10 The U.S. Political System Section 2: The Political InstitutionThe U.S. Political System(continued)Consists of three branches of the government – the executive, legislative, and judicialIncludes public participation, although voter participation varies and is relatively low overall
Your consent to our cookies if you continue to use this website.