2. Human Geography Geography based on man-made creations.

3. Human Geography – geography based on man-made creations Political – the “thinking” of a society Task – Sketch the outline a human figure in your notebook on an unused piece of paper. - Label political with an arrow pointing to the head.

4. Table of Contents DateTitleLesson # 8/295 A’s4 9/2Tools5 9/3Physical Processes6 9/23Climographs7 **Human Geography** 9/25Political Systems8 9/26Economic Systems9

5. Economics Definition  how a country produces and exchanges goods and services. Economic Systems – the two modern choices for running a country’s economy.

6. Economic Systems – 2 types 1.Market Economy 2.Command Economy Economic Systems Market Econom y Command Economy

7. Step 1 – Use p. 91 to add a bubble to your web that explains Market Economy. Economic Systems Market Econom y Command Economy 1. Explanation

8. Step 2 – Add 2 bubbles to your web, one for characteristics and one for summary. Economic Systems Market Econom y Command Economy 1. Explanation3. Characteristics2. Summary

9. Free Market Economy Summary  Production is controlled by the DEMAND of CONSUMERS. Characteristics 1. People can choose jobs 2. Many rich people but many poor people Skill - Welding Business College

10. Market Economy Sales Analysis Goods 1.HW Pass 2.Project Pass and Test Pass 3.Get out of notebook checks for one year Questions (answer by your economics intro notes) A. Which good had the highest demand? B. In a Market Economy, which good should I (Mr. Orso) produce more of to sell tomorrow? C. Could you have purchased any good you wanted? D. If you were unable to make a purchase, why didn’t you?

11. Free Market Economy Characteristics (continued) 3. Supply and Demand – demand guides economy 4. Freedom to purchase what you want 5. Many product choices 6. Economic competition

12. Economic Competition – Price is Right A G FED CB H

13. Economic Competition Demand leads to a variety of products. Demand leads to a variety of producers. –Like Nike, Addidas, New Balance, Reebok, etc. Bottom Line  The better your product  the higher the demand  the more successful you are $$