Economy And Government
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PRESENTATION OUTLINE
ECONOMIES
ECONOMY
- A social science.
- Production and distribution
- Of goods and services
ECONOMIC ACTIVITES
- Primary
- Secondary
- Tertiary
- Quaternary
ECONOMIC ACTIVITES
- Primary: extract natural resources
- No processes
- No manufactor
ECONOMIC ACTIVITIES
- Secondary
- Processing raw materials
- Manufacturing raw materials
ECONOMIC ACTIVITIES
- Tertiary:
- Providing a service
ECOMONIC ACTIVITIES
- Quaternary:
- Researching, collecting,
- Recording, exchange
- Of information
ECONOMIC SYSTEMS
- Traditional
- Free enterprise
- Command
- Mixed
ECONOMIC SYSTEMS
- Traditional:
- Based in hunting and gathering
- Subsistence farming:
- Growing enough to feed your family
- Africa
ECONOMIC SYSTEMS
- Free enterprise:
- Private ownership of business
- Individuals decide what to buy or sell
- The U.S.
ECONOMIC SYSTEMS
- Command:
- Government control of business
- Little or no private ownership
- Soviet Russia
ECONOMIC SYSTEMS
- Mixed: France or Canada
- Mixed between free enterprise
- And command
- Some private owner ship
- Some government control
