music clothes entertainment sports food what goods and services will we produce? how will we produce...
TRANSCRIPT
music
clothes
entertainment
sports
food
What goods and services will What goods and services will we produce?we produce?
How will we produce them?How will we produce them?Who will receive them?Who will receive them?
Economic Systems
Market economy Planned economy
Market Economy is a term of free Market Economy is a term of free enterprise system. In capitalist enterprise system. In capitalist economies, individuals own the economies, individuals own the productive resources, which often productive resources, which often enphase the role of corporations.enphase the role of corporations.
Planned Economy is an economic Planned Economy is an economic system in which a single party controls system in which a single party controls the government, private property rights the government, private property rights are abolished and all resources are are abolished and all resources are owned by the stateowned by the state
THE COLLAPSE THE COLLAPSE OF FIXED EXCHANGE RATESOF FIXED EXCHANGE RATES
BETTER NEW BETTER NEW
TRANSPORTATION COMMUNICATIONSTRANSPORTATION COMMUNICATIONS
SYSTEM TECHNOLOGIESSYSTEM TECHNOLOGIES
-20 -10 0 10 20
Guinea China Chile Slovenia Norway Poland
The USA Japan Austria Rumania Sweden Estonia
Lithuania Uzbekistan Byelorussia Russia Turkmenista Ukraine
Armenia Moldova Tajikistan Azerbaijan Georgia
Average GDP GrowthAverage GDP Growth
Rates of Birth, DeathRates of Birth, Death and Population Growth and Population Growth
-50
0
50
100
150
200
births deaths increasing
Afghanistan Mozambique Ethiopia Cambodia Tajikistan
Egypt Mexico Syria Russia Byelorussia
The USA Great Britain Spain Finland Japan
Average Life ExpectancyAverage Life Expectancy
AfricaAsiaS.AmericaN.AmericaAustraliaEuropeworld
GLOBAL ECONOMIC CUPBOARD
Developmentof new resources
Replacement of physical products And resources by
Knowledge and ideas
Discovery of new technologies
E - commerce biotechnology
Genetically modifiedfoods