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Mixed Economy - PowerPoint PPT Presentation
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Mixed Economy. Essential Question. Why do most countries have a mixed economy?. What Do You Like on a Sundae?. You and your partner discuss it. What toppings do you like on an ice cream sundae? Plain Vanilla? Or absolutely everything (and I mean everything)?. What Do You Like on a Sundae?.
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PowerPoint Slideshow about 'Mixed Economy' - george
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Presentation Transcript
Essential Question
- Why do most countries have a mixed economy?
What Do You Like on a Sundae?
- You and your partner discuss it.
- What toppings do you like on an ice cream sundae?
- Plain Vanilla?
- Or absolutely everything (and I mean everything)?
What Do You Like on a Sundae?
- Chances are, you were somewhere between plain and everything.
- When discussing economies, most countries are somewhere in between too.
- When a country is not completely a command economy and not completely a market economy, but somewhere in between, it is called a Mixed Economy.
“Pure” Command Economies
- If government controlled everything in the economy, then having a diversity of products would be very difficult.
- With no private businesses, there would be no competition, and products would never improve.
- The government could make the economy exploit the poor and benefit the rich.
“Pure” Market Economies
- If an economy was pure market, people could sell anything, even things that could hurt others.
- Businesses could make things cost as much as they wanted.
- In order to make products cheaper, they could skimp on safety and benefits for workers.
Most Countries Lie Somewhere in Between -However, they may be closer to one side than the other.
Writing Prompt
- With your partner, answer the following questions:
- What bad things could happen if an economy was pure market? (Be specific, at least 3 sentences)
- What bad things could happen if an economy was pure command? (Be specific, at least 3 sentences).
