types of economies n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Types of Economies PowerPoint Presentation
Download Presentation
Types of Economies

Loading in 2 Seconds...

play fullscreen
1 / 12

Types of Economies - PowerPoint PPT Presentation


  • 128 Views
  • Uploaded on

Types of Economies. Reid Risinger. Economic Systems. An economic system is the system of production, distribution and consumption. There are three main types of economic systems that are used throughout the world. Command Economy Market Economy Traditional Economy. Command Economy.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

Types of Economies


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
    1. Types of Economies Reid Risinger

    2. Economic Systems • An economic system is the system of production, distribution and consumption. • There are three main types of economic systems that are used throughout the world. • Command Economy • Market Economy • Traditional Economy

    3. Command Economy • Economy where supply and price are regulated by the government rather than the free market. • Government planners decide what goods and services will be produced and how they will be distributed. • The Government also decides the price at which the goods will be offered for sale.

    4. Command Economy… • This is sometimes called a “Centrally Planned Economy”. • The Command Economy is an important part of communist societies.

    5. Examples of Command Economies • China • North Korea • Cuba • Former Soviet Union

    6. Market Economy • Economic decisions and the pricing of goods and services are determined by the interactions of a country's citizens and businesses. • Prices of goods and services are set by supply and demand. • Opposite of a command economy where government decisions drive most aspects of a country's economic activity.

    7. Market Economy… • Little government intervention or central planning. • System of choice in today's global marketplace. • Capitalistic economy.

    8. Examples of Market Economies • USA • Canada • UK • Germany

    9. Traditional Economy • Very underdeveloped economy that often depends on agriculture as its main base. • Traditions, customs and belief systems determine its operation. • Also known as a subsistence economy. • Countries that use this are often rural and farm based.

    10. Traditional Economy… • Hunting, gathering, and cultivation are the main tasks. • Often this economy is associated with poverty. • May have no currency.

    11. Examples of Traditional Economies • Third-world countries. • Inuit Indian tribes in Northern Canada.

    12. Works Cited • http://www.investorwords.com/951/command_economy.html • http://www.investopedia.com/terms/c/command-economy.asp#axzz25nAedqYD • http://www.investopedia.com/terms/m/marketeconomy.asp#axzz264a6f0Wb • http://www.wisegeek.com/what-is-a-traditional-economy.htm • http://www.powellcenter.org/principle4.asp • http://www.docstoc.com/docs/33563607/THE-SOVIET-CENTRALLY-PLANNED-ECONOMY • http://home.comcast.net/~diazseniorspresent/index.htm • http://www.ehow.com/info_8669639_advantages-disadvantages-traditional-economies.html