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Government And Economic Systems
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Published on Dec 07, 2015
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PRESENTATION OUTLINE
1.
COMMAND ECONOMY
Advantages - Equally distributes income,
The government decides which goods are produced
Disadvantages - No consumer choice,
No variety of goods,
No individual freedom
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StarObs
2.
MARKET ECONOMY
Advantages - Competition leads to lower costs,
Motivation to look for new products to manufacture
Disadvantages - Exploitation of workers,
Overproduction of goods
Wealth goes to what will earn the largest profit and not into what is needed
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Mad-Loïs
3.
TRADITIONAL ECONOMY
Advantages - Produces goods required for survival,
People know what their roles or jobs are
Disadvantages - Lower productivity,
Lower standard of living,
People might not enjoy their job
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Ashtyn Renee
4.
FEDERAL GOVERNMENT
Advantages - Government is local,
States have freedom to make own policies
Disadvantages - Conflict between state and government,
Can have corruption,
Can lead to unequal distribution of wealth between states
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historic.brussels
5.
SOCIALISM
Advantages - Equal distribution of wealth,
People provided education and healthcare
Disadvantages - Limits peoples political freedom,
No increase in the standard of living
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bengt-re
6.
COMMUNISM
Advantages - Rapid development and economic growth,
Equal distribution of wealth
Disadvantages - Personal freedom is lost,
Workers are treated badly,
The state controls all production
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Un rosarino en Vietnam
7.
REPUBLIC GOVERNMENT
Advantages - No dictator,
People can participate in government and give opinions,
People elect representatives
Disadvantages - Majority wins so may not be happy with winner,
Might unknowingly vote for a bad representative
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marsupilami92
8.
DICTATORSHIP
Advantages - Establishes a strong government,
Provides prompt action
Disadvantages - People have no rights,
System is based on force and violence
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www.steveconover.info
9.
WORKS CITED:
www.science.blurtit.com
>Economics
www.nyu.edu
www.slideshare.net
www.letslearnfinance.com
www.buzzle.com
Dylan Svoboda
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