Economics
Sponsored Links
This presentation is the property of its rightful owner.
1 / 2

Economics PowerPoint PPT Presentation


  • 90 Views
  • Uploaded on
  • Presentation posted in: General

Economics. Left-wing. Right-wing. Support government owned corporations (crown corporations) Utility companies (Ontario Hydro Oil/gas companies (Petro Canada) Transport companies (Air Canada) Strong government regulation (industry standards, consumer protection)

Download Presentation

Economics

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Economics

Left-wing

Right-wing

  • Support government owned corporations (crown corporations)

    • Utility companies (Ontario Hydro

    • Oil/gas companies (Petro Canada)

    • Transport companies (Air Canada)

  • Strong government regulation (industry standards, consumer protection)

  • Purpose is to create a more egalitarian society (taxes used to provide resources to all)

    • Little to no government involvement

    • ‘Invisible hand’ guides the market (idea that markets will self-regulate)

    • Laissez-faire economics (buyer beware)

    • Free choice between consumer and producers leads to efficient functioning of the markets (i.e., produce efficiently to maximize profits, and sell at low prices to undercut competition)


    Social

    Libertarian

    Authoritarian

    • Gov’t should have little social control

    • “Keep out of the bedrooms of the people”

    • Focus on individual liberty (freedom of thought and action

    • Government has social control

    • i.e., immigration policies, marriage, education, healthcare, pension

    • Submission to authority

    • Political power is concentrated in one leader


  • Login