Presentation is loading. Please wait.

Presentation is loading. Please wait.

Economic Systems Command Economy

Published byKatrien Beckers Modified over 6 years ago

Similar presentations

Presentation on theme: "Economic Systems Command Economy"— Presentation transcript:

1 Economic Systems Command Economy
Supply and pricing of goods and services are determined by the government as part of the total plan Mixed Economy Combination of both E.g. Canada and rent controls Free Market Economy Supply and demand determines prices

2 Adam Smith In 1776 published a famous book, The Wealth of Nations-advocated economic liberalism-no government intervention (mercantalism should be abolished) He also wrote about a pin factory!

3 Keynesian Economics and Progressive Governments
Government has a responsibility to spend in poor economic times to create jobs John Maynard Keynes Progressive governments-taxes provide services, redistribute wealth

4 Neo-Liberal Economics
Neo-liberalism-reduce the role of government (confusing as the policy is favoured by conservative governments)

5 Privatization What companies have been privatized in Canada?

Download ppt "Economic Systems Command Economy"

Similar presentations

Adam SmithAdam Smith  In 1776 Adam Smith publishes his book Inquiry into the Nature and Causes of the Wealth of Nations, usually referred to simply as.

Adam SmithAdam Smith  In 1776 Adam Smith publishes his book Inquiry into the Nature and Causes of the Wealth of Nations, usually referred to simply as.
Types of Economies.

Types of Economies.
Chapter 2 How Economic Issues Affect Business. Learning Objectives 1. Capitalism and free markets 2. Supply, demand and equilibrium 3. Socialism versus.

Chapter 2 How Economic Issues Affect Business. Learning Objectives 1. Capitalism and free markets 2. Supply, demand and equilibrium 3. Socialism versus.
Starter Define these terms in your own words: – Human capital – Investment – Capital investment – Capital goods – Consumer goods – Opportunity cost – Trade-off.

Starter Define these terms in your own words: – Human capital – Investment – Capital investment – Capital goods – Consumer goods – Opportunity cost – Trade-off.
Economics  What?  How?  Who?. Economic System:  A particular set of social institutions which deals with the production, distribution and consumption.

Economics  What?  How?  Who?. Economic System:  A particular set of social institutions which deals with the production, distribution and consumption.
$100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $300 $400 $500 $100 $200 $300 $400 $500 $200.

$100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $300 $400 $500 $100 $200 $300 $400 $500 $200.
Goals: The Students will understand: 1. The four basic economic systems. 2. A socialistic economic plan. 3. Income distribution. 4. The theories of Adam.

Goals: The Students will understand: 1. The four basic economic systems. 2. A socialistic economic plan. 3. Income distribution. 4. The theories of Adam.
Economic Theories to Control Business Cycle  Option 1: No government interference- Adam Smith  Supply and demand will eventually find equilibrium price.

Economic Theories to Control Business Cycle  Option 1: No government interference- Adam Smith  Supply and demand will eventually find equilibrium price.
Chapter 12 Government Decisions and Economic Success.

Chapter 12 Government Decisions and Economic Success.
Competing schools of thought Macroeconomic Theory.

Competing schools of thought Macroeconomic Theory.
Classical and Keynesian Economics 11-1 Copyright  2002 by The McGraw-Hill Companies, Inc. All rights reserved.

Classical and Keynesian Economics 11-1 Copyright  2002 by The McGraw-Hill Companies, Inc. All rights reserved.
3 Questions.

3 Questions.
World Economies Social Studies/Economics Robert Louis Martinez.

World Economies Social Studies/Economics Robert Louis Martinez.
CAPITALISM VERSUS SOCIALISM VERSUS COMMUNISM. ADAM SMITH  Professor in Glasgow, Scotland  Believed in the FREE ECONOMY or FREE MARKET  Economic liberty.

CAPITALISM VERSUS SOCIALISM VERSUS COMMUNISM. ADAM SMITH  Professor in Glasgow, Scotland  Believed in the FREE ECONOMY or FREE MARKET  Economic liberty.
Chapter 12 Government Decisions and Economic Success.

Chapter 12 Government Decisions and Economic Success.
ECONOMIC THEORY Influence of Enlightenment Thinking Adam Smith ‘The Wealth of Nations’ Objective: Explain how the ideas from the Enlightenment changed.

ECONOMIC THEORY Influence of Enlightenment Thinking Adam Smith ‘The Wealth of Nations’ Objective: Explain how the ideas from the Enlightenment changed.
Welcome to class… Several auto companies traveled to Washington, DC in 2008 to ask the US government to take over parts of their companies to keep them.

Welcome to class… Several auto companies traveled to Washington, DC in 2008 to ask the US government to take over parts of their companies to keep them.
A. Provide a Legal System to make and enforce laws and to protect private property rights. B. Provide Public Goods that individuals or private businesses.

A. Provide a Legal System to make and enforce laws and to protect private property rights. B. Provide Public Goods that individuals or private businesses.
John Maynard Keynes By: Stephanie & Jesska. Biography (June 5,1883-April 21,1946) John Maynard Keynes was a British Economist. Keynes was born in Cambridge,

John Maynard Keynes By: Stephanie & Jesska. Biography (June 5,1883-April 21,1946) John Maynard Keynes was a British Economist. Keynes was born in Cambridge,
Unit 1-5: Basic Economic Concepts 1. The Circular Flow Model The Product Market- The “place” where goods and services produced by businesses are sold.

Unit 1-5: Basic Economic Concepts 1. The Circular Flow Model The Product Market- The “place” where goods and services produced by businesses are sold.

Similar presentations

Ads by Google