Section A And C
Published on Dec 02, 2015
No Description
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
ECONOMIES
Photo by Alex E. Proimos
Market Economy
In a market economy, national and state governments play a minor role. Instead, consumers and their buying decisions drive the economy.
Photo by Ikhlasul Amal
Market Economy
Benefits: The market gives producers an incentive to produce goods that consumers want.The market provides an incentive to acquire useful skills.
Drawbacks: A private market economy may be quite unstable (unemployment, inflation, growth). Monopolistic industries may restrict output and drive up prices.
Photo by ecstaticist
Planned Economy
A planned economy is also sometimes called a command economy. The most important aspect of this type of economy is that all major decisions related to the production, distribution, commodity and service prices, are all made by the government.
Photo by sermoa
Planned Economy
Benefits: With a planned economy the prices are kept under control. There is less inequality of wealth.
Drawbacks: Some drawbacks are a lot of time and money is wasted in communicating instructions from the government to the firms.
Lack of profit motive may lead to firms being inefficient.
Photo by MarkMoz12
Mixed Economy
A mixed economy combines elements of both the planned and the market economies in one cohesive system. This means that certain features from both market and planned economic systems are taken to form this type of economy.
Photo by opensourceway
Mixed Economy
Benefits: Mixed economies allow many more freedoms than command economies, such as the freedom to possess the means of production; to participate in managerial decisions; to buy, sell, fire, and hire as needed; and for employees to organize and protest peacefully. The ideal combination of these freedoms and restrictions is meant to ensure the maximum standard of living for the population as a whole.
Photo by seven_resist
Mixed Economy
Drawbacks: One drawback of a mixed economies is that they tend to lean more toward government control and less toward individual freedoms. Some critics of contemporary social democracy argue that when social democracy abandoned Marxism it also abandoned socialism and has become, in effect, a liberal capitalist movement.
Photo by wbeem
Autocracy
A political power which is self appointed.
Photo by aeneastudio
Autocracy
Benefits: It is fast. It is helpful when critical decisions need to be made.
Drawbacks: The thoughts of people are not considered. The military is used when people protest.
Photo by archer10 (Dennis)
Direct Democracy
The people vote for everything.
Photo by lukemontague
Direct Democracy
Benefits: All the citizens have equal power in the matter of government. The citizens are really supportive and loyal.
Drawbacks: Democracy only works in small numbers. It is time consuming because of all the decision making.
Photo by Denise Cross Photography
Representative Democracy
People pick the government.
Photo by ajagendorf25
Representative Democracy
Benefits: The people have the power. The people elect officials to represent them.
Drawbacks: Making decisions is time consuming. The representatives may not always agree.
Photo by Sam Ilić
Parliamentary Democracy
Benefits: Quicker legislative action. Prime Minister is accountable for the parliament.
Drawbacks: Close connection between the executive and legislative branches. There is less protection.
Photo by oscepa
Anarchy
There is not any government.
Anarchy
Benefits: There are no benefits.
Drawbacks: Anarchy's drawbacks are they are disordered, there is corruption, and warfare.
Photo by Aspex Design: Photos by Dean Thorpe
Republic
Benefits: Separation of power. Direct election of president.
Drawbacks: Divided government causes more disagreement. Makes it difficult to pass policies.
Photo by Stuck in Customs
Oligarchy
A form of government in which power effectively rests with a small elite segment of society distinguished by royal, wealth, intellectual, family, military.
Photo by OnTask
Oligarchy
Benefits: Anyone can be elected, including women. Meet every week of month to discuss things.
Drawbacks: A small group exercises control.
Sometimes people may be elected or born into their position.
Photo by JSchueller2
Monarchy
A form of government in which supreme power is absolutely or nominally lodged with and individual.
Photo by alles-schlumpf
Monarchy
Benedits: A king, pharaoh, or emperor who supports the public. Can liberate a small country.
Drawbacks: Are born into it even if they are not fit. Monarchs choices have to be done even if they are bad.
Photo by karen horton
