ECONOMICS SYSTEM

COMPRISED OF THR VARIOUS PROCESSES
1. ORGANIZING AND MOTIVATING LABOR
2. PRODUCING, CIRCULATING, AND DISTRIBUTING OF THE FRUITS OF HUMAN LABOR
3. PRODUCTS AND SERVICES, CONSUMER GOODS, MACHINES, TOOLS, AND OTHER THECNOLOGY
  1. USED AS INPUTS TO FUTURE PRODUCTION
4. INFRASTRUCTURE WITHIN AND THROUGH WICH PRODUCTION, DISTRIBUTION AND CIRCULATION OCCURS
DETERMINED BY THE POLITICAL, CULTURAL, AND ENVIROMENTAL CONDITIONS
USUALLY DEFINED WITHIN DETERMINATE POLITICAL BOUNDARIES
IS THE WAY IN WICH
1. PRODUCTION
2. CONSUMPTION
3. DISTRIBUTION
  1. OF GOOD AND SERVICES ARE ORGANIZED
TYPES
1. MARKET
  1. PEOPLE ACT VOLUNTARY
    1. FOR FINANCIAL GAIN
    2. PERSONAL SATISFACTION
  2. FIRMS BUY FACTORS
    1. PRODUCE OUTPUTS IN A WAY THAT WILL MAXIMIZE THEIR PROFITS
  3. CONCUMER SUPPLY FACTORS AND BUY CONSUMER GOODS
    1. MAXIMIZE THEIR SATISFACTION
  4. AGREEMENTS ON PRODUCTION AND CONSUMPTION ARE MADE VOLUNTARY
  5. USA
2. COMMAND
  1. DECISIONS MADE BY THE GOVERNMENT BUREAUCRACY
  2. THE PLANNING BUREAUCRACY DETERMINES THE THREE ECONOMIC QUESTIONS
  3. PEOPLE LINKED BY A VERTICAL RELATIONSHIP
    1. CONTROL IS HIERARCHY
  4. NORTH KOREA
3. MIXED
  1. FREE ECONOMIC ACTIVITY
  2. SOME GOVERNMENT INTERVENTION AND REGULATION
4. TRADITIONAL
  1. AUSTRALINA ABORIGINES
CAPITALISM
1. CHARACTERIZED BY PRIVATE OWNERSHIP OF RESOURCES AND MARKETS
2. MUST HAVE
  1. PRIVATE OWNERSHIP OF RESOURCES
  2. DECENTRALIZED DECISION MAKING USING MARKETS
3. WEAKNESS
  1. UNEQUAL DISTRIBUTION OF INCOME
  2. FAILURE TO PROTECT ENVIROMENT
4. STRENGTHS
  1. ECONOMIC EFFICIENCY
  2. ECONOMIC FREEDOM
SOCIALISM
1. GOVERNMENT OWNERSHIP OF RESOURCES AND CENTRALIZED DECISION MAKING
2. ALSO CALLED COMMAND SOCIALISM
3. COMMAND SYSTEM OWNS AND CONTROLS THE MAJOR INDUSTRIES
  1. STEEL
  2. ELECTRICITY
  3. AGRICULTURE
  4. FREE MARKETS CAN EXIST IN FARMING, RETAIL TRADE, AND CERTAIN SERVICES AREAS
4. STRENGTHS
  1. EQUITABLE DISTRIBUTION OF INCOME
  2. RAPID ECONOMIC GROWTH
5. WEAKNESS
  1. ECONOMIC INEFFICIENCY
  2. GOVERNMENT BUREAUCRATS
WITHIN THE ECONOMIC SYSTEM WE CAN FIND
1. PRODUCING UNITS
2. MARKETS
3. RESOURCES
4. ECONOMIC SECTORS
  1. PRIMARY
    1. ACTIVITIES WHICH ARE DEVELOPED THROUGH THE NATURAL RESOURCES OF A COUNTRY
  2. SECONDARY
    1. INDUSTRIAL ACTIVITIES THROUGH WICH RAW MATERIALS ARE TRANSFORMED INTO PRUDUCTS
  3. TERCIARY
    1. ALL ECONOMIC ACTIVITIES WHICH ARE PERFORMED BY SERVICES
FACTORS OF PRODUCTION
1. LAND
2. LABOUR
3. CAPITAL
4. ENTREPRENEURIAL SKILLS
ECONOMIC AGENTS
1. INDIVIDUALS
2. HOUSEHOLDS
3. FIRMS
4. GOVERNMENT
5. THE REST OF THE WORLD
DISTRIBUTION OF RESOURCES DEPENDS ON THE ECONOMIC SECTOR

Nächster

ECONOMICS SYSTEM

Beschreibung

Zusammenfassung der Ressource

ähnlicher Inhalt

	Erstellt von Antonio Espinoza vor mehr als 9 Jahre