monday, december 2, 2013 1. how is a dictatorship different than a democracy? 2. what type of...

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Monday, December 2, 2013

1.How is a dictatorship different than a democracy?

2.What type of monarchy shares power with the people?

3 Types of Economies

3 Types of Economies

Name How does it work?

Who

is in charge?

Where is it found in the world?

1988 Nintendo

PlayStation 3

X-Box

Xbox 360

X-Box prices

(November 15, 2001, ($449)

(May 15, 2002) ($299) (May 14, 2003) ($249) (March 29, 2004) ($199)

3 Types of Economies

3 Types of Economies

Name How does it work?

Who

is in charge?

Where is it found in the world?

3 Types of EconomiesName How

does it work?

Who’s in charge?

Where is it found in the world?

Traditional

Economy

Name How does it work?

Who’s in charge?

Where is it found in the world?

Traditional

EconomyBarter System

3 Types of Economies

Name How does it work?

Who’s in charge?

Where is it found in the world?

Traditional

EconomyBarter System

People

3 Types of Economies

Name How does it work?

Who’s in charge?

Where is it found in the world?

Traditional

Economy

Barter System

People Under developed countries

Name How does it work?

Who’s in charge?

Where is it found in the world?

Traditional

economy

Barter System

People Under developed countries

MarketEconomy

Name How does it work?

Who’s in charge?

Where is it found in the world?

Traditional

economy

Barter System

People Under developed countries

MarketEconomyCapitalism

Free Enterprise

Name How does it work? Who’s in charge?

Where is it found in the world?

Traditional Barter System People Under developed countries

MarketEconomy

Money to buy things. Prices set by supply and demand

Name How does it work? Who’s in charge?

Where is it found in the world?

Traditional Barter System People Under developed countries

MarketEconomy

Money to buy things. Prices set by supply and demand.

People

Name How does it work? Who’s in charge?

Where is it found in the world?

Traditional Barter System People Under developed countries

MarketEconomy

Money to buy things. Prices set by supply and demand.

People United States, Great Britain

Name How does it work?

Who’s in charge?

Where is it found in the world?

Traditional Barter System People Under developed countries

Market Money to buy things. Prices set by supply and demand.

People United States, Great Britain

Command

Economy

Name How does it work? Who’s in charge?

Where is it found in the world?

Traditional Barter System People Under developed countries

Market Money to buy things. Prices set by supply and demand.

People United States, Great Britain

Command Government sets the prices and wages of workers.

Name How does it work?

Who’s in charge? Where is it found in the world?

Traditional Barter System People Under developed countries

Market Money to buy things. Prices set by supply and demand.

People United States, Great Britain

Command Government sets the prices and wages of workers.

Government

Name How does it work?

Who’s in charge?

Where is it found in the world?

Traditional Barter System People Under developed countries

Market Money to buy things. Prices set by supply and demand.

People United States, Great Britain

Command Government sets the prices and wages of workers.

Government Former USSR,

Communist Governments

Economics Song Sung to the Tune of Hey Hey Hey

Goodbye

Written by Burton Garrington, Kalondria Harper, Alyssa Hopkins, Montana Lee, Sydney Leibfritz, Dakota McGee, Daniel Sasser, Alli Stalker, Kevin Nguyen, Mark Pruitt

We have got to learn about all types of economies.

In traditional people trade with no-oo-oo money.

But in marketing, private owners use supply and demand.

With Command, all decisions are made by the government.

Na Na Na Na, Na Na Na Na, Hey Hey Hey, economies

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