1. Y10 Economics MIXED ECONOMY USE EXERCISE BOOKS FOR TAKING NOTES AND COMPLETING ACTIVITIES

2. What’s the difference between business man and Police man?

3. Who pays their wages? Government or Business.. Private sector and Public sector

4. The Mixed Economy A market is a place _______ _______________________. Buyers and sellers can work for a business or for the government.

5. PUBLIC SECTOR Is a government department or agency which provides good and services such as; Roads, Hospitals, ______, _______, _______ Key words; government, tax, not for profit.

6. Qatar government Ministry In pairs, list as many government ministry's as you can think of…. E.g. Ministry of Interior –Possible 17! Answer: http://portal.www.gov.qa/wps/portal/directory/ministries http://portal.www.gov.qa/wps/portal/directory/ministries

7. What is Qatar Public sector spending money on? http://keepingscore.blogs.time.com/2013/07/11/why- qatar-is-spending-200-billion-on-soccer/http://keepingscore.blogs.time.com/2013/07/11/why- qatar-is-spending-200-billion-on-soccer/ http://www.youtube.com/watch?v=FMDL3hM4osE http://www.youtube.com/watch?v=xI2v9AKV08Q

8. What else does UK Public Sector spend money on? Source: HM Treasury, 2009

9. Activity…. PENS DOWN HAVE SCRAP PAPER READY YOU CAN VIEW NEXT SLIDE FOR 30 SECONDS, NO WRITING! After 30 seconds, screen goes blank and you must write down as many businesses as you can remember.

11. Write down…. Whose got most?

12. Private Sector Private businesses providing goods and services for profit. Supply goods and services according to demand and supply at market clearing price. E.g. McDonalds

13. Public or Private? NASA HairdresserSchool

14. Public or Private?

15. Discuss with your partner?

16. Types of Economy's. Most countries economy is made up of Public and Private Sector spending. Zimbabwe has 98% Public Spending! Only 2% Private sector in the economy. What does this mean? USA has 32 % Public Spending, 68% Private sector. http://www.investopedia.com/financial-edge/0911/countries-with-the-highest- government-spending-to-gdp-ratio.aspx

17. Types of economys. Private Sector ledPublic Sector ledMIXED Economy FREE MARKET ECONOMY PLANNED ECONOMY ELEMENTS OF BOTH PRIVATE AND PUBLIC SECTOR. MOST ECONOMIES OUTSIDE OF NORTH KOREA HAVE A FREE MARKET AND GOVERNMENT DEPARTMENTS. Private business dominate Public businesses _________ Goods and services sold for ________ Goods and services not sold for profit E.G. Coca Cola, BP, Jaguar, Apple E.G. Public hospitals, Defence army, Police, Key words private, enterprise, free markets Key words; State, Public, Government Planned

18. Activity Explain in your exercise book: –Q: France has 52% of the economy made up of Public Sector. This means that….. –A: Try to Use some of these key words: Private sector ; 48% ; business spending ; government spending. Providing health ; private enterprise.

19. How do economies answer the 3 questions Use p.48 to explain how.. QuestionFree MarketPlanned Economy What to Produce? Provide goods and services which people want. E.g. Apple phones Mostly provide goods and services that people n______. E.g Schools and hospitals How to Produce it? Private businesses produce goods the most EFFICIENT way, with low costs and maximum profit. For whom to produce? For everyone. The government want to ensure an equal society where everyone has their needs met.

20. Extension Cuba video An economy moving from Planned Economy to Free Market Economy. https://www.youtube.com/watch?v=OH6z1uycUQs Do you think Cuba is a Planned Economy or a Mixed Economy?

21. Free Market – Private Sector –Adv – –Greater choice of products at c_________ prices –Free enterprise encourages jobs and g_____ wealth Disadv – –Lack of government leads to crime and p_______ (externalities) - Can lead to people being unhealthy (de-m_____ goods)

22. Planned Economy - Public Sector Adv –Government provides health care and e_______ –Equal society –Police and d______ provided free. Disadv –Many t_____ to pay for spending. –No competition means less c______. –Inefficient goods and services provided, no profit motive to generate wealth.

23. Plenary - Can you explain these things with your partner? –Can you give examples of public sector? –What’s the difference between public and private sector? –What is a Mixed Economy? –What is advantage of Free market economy? –What is advantages of Planned Economy?