Economic Theories A Role of Economic theories 1
![Economic Theories Economic Theories](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-1.jpg)
![A. Role of Economic theories � 1. Three questions they all answer �A. What A. Role of Economic theories � 1. Three questions they all answer �A. What](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-2.jpg)
![B. Capitalism – free enterprise � 1. Pure capitalism has 5 characteristics �A. Private B. Capitalism – free enterprise � 1. Pure capitalism has 5 characteristics �A. Private](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-3.jpg)
![B. Capitalism – free enterprise…. . cont. � 2. Origins of Capitalism �A. 1776 B. Capitalism – free enterprise…. . cont. � 2. Origins of Capitalism �A. 1776](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-4.jpg)
![B. Capitalism – free enterprise…. . cont. � 3. Pure Capitalism – non existent B. Capitalism – free enterprise…. . cont. � 3. Pure Capitalism – non existent](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-5.jpg)
![C. Socialism � 1. Origins �A. Industrialized Europe had many problems oi. low paid C. Socialism � 1. Origins �A. Industrialized Europe had many problems oi. low paid](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-6.jpg)
![C. Socialism…. continued � 6. Democratic Socialism �A. Peaceful change in leadership �B. People C. Socialism…. continued � 6. Democratic Socialism �A. Peaceful change in leadership �B. People](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-7.jpg)
![D. Communisim � 1. Karl Marx wrote the “Communist Manifesto” �A. Wrote this with D. Communisim � 1. Karl Marx wrote the “Communist Manifesto” �A. Wrote this with](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-8.jpg)
![D. Communisim…continued � 2. COMMAND ECONOMY �A. Government decides all aspects of economy oi. D. Communisim…continued � 2. COMMAND ECONOMY �A. Government decides all aspects of economy oi.](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-9.jpg)
![CHAPTER 23 QUESTIONS � ANSWER QUESTIONS 46 ON PAGE 702 CHAPTER 23 QUESTIONS � ANSWER QUESTIONS 46 ON PAGE 702](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-10.jpg)
- Slides: 10
![Economic Theories Economic Theories](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-1.jpg)
Economic Theories
![A Role of Economic theories 1 Three questions they all answer A What A. Role of Economic theories � 1. Three questions they all answer �A. What](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-2.jpg)
A. Role of Economic theories � 1. Three questions they all answer �A. What should be produced �B. How goods and services should be produced �C. Who gets the goods and services that are produced
![B Capitalism free enterprise 1 Pure capitalism has 5 characteristics A Private B. Capitalism – free enterprise � 1. Pure capitalism has 5 characteristics �A. Private](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-3.jpg)
B. Capitalism – free enterprise � 1. Pure capitalism has 5 characteristics �A. Private ownership and control of property and resources �B. Free enterprise �C. Competition among businesses
![B Capitalism free enterprise cont 2 Origins of Capitalism A 1776 B. Capitalism – free enterprise…. . cont. � 2. Origins of Capitalism �A. 1776](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-4.jpg)
B. Capitalism – free enterprise…. . cont. � 2. Origins of Capitalism �A. 1776 Adam Smith – provided philosophy in his book “The Wealth of Nations” oi. Idea of Laissez-faire (let alone) • a. Government should keep its hands off • b. Buyers and sellers decide what to produce
![B Capitalism free enterprise cont 3 Pure Capitalism non existent B. Capitalism – free enterprise…. . cont. � 3. Pure Capitalism – non existent](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-5.jpg)
B. Capitalism – free enterprise…. . cont. � 3. Pure Capitalism – non existent �A. Too Cruel �B. U. S. has capitalism with government influence o i. Government influence has increased in the past 100 years • a. Social Security and Meat Inspection Act � 4. Mixed Market Economy �A. United States is the worlds best example �B. Free enterprise combined with government
![C Socialism 1 Origins A Industrialized Europe had many problems oi low paid C. Socialism � 1. Origins �A. Industrialized Europe had many problems oi. low paid](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-6.jpg)
C. Socialism � 1. Origins �A. Industrialized Europe had many problems oi. low paid workers living in poverty with horrible working conditions � 2. Government owns means of production � 3. Government determines use of resources � 4. Government distributes products and wages
![C Socialism continued 6 Democratic Socialism A Peaceful change in leadership B People C. Socialism…. continued � 6. Democratic Socialism �A. Peaceful change in leadership �B. People](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-7.jpg)
C. Socialism…. continued � 6. Democratic Socialism �A. Peaceful change in leadership �B. People have basic human rights and have control over government through elections �C. Government makes many of the economic decisions �D. Examples: Tanzania, Denmark, Norway, Sweden and Belgium
![D Communisim 1 Karl Marx wrote the Communist Manifesto A Wrote this with D. Communisim � 1. Karl Marx wrote the “Communist Manifesto” �A. Wrote this with](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-8.jpg)
D. Communisim � 1. Karl Marx wrote the “Communist Manifesto” �A. Wrote this with Fredrich Engles, and was the guide to revolution and how to run a communist country �B. The only way to change is by a Violent Revolution �C. Marx saw everything as a class struggle between the Bourgeoisie and the Proletariat o i. Bourgeoisie – Owners of Production (Capitalists)
![D Communisimcontinued 2 COMMAND ECONOMY A Government decides all aspects of economy oi D. Communisim…continued � 2. COMMAND ECONOMY �A. Government decides all aspects of economy oi.](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-9.jpg)
D. Communisim…continued � 2. COMMAND ECONOMY �A. Government decides all aspects of economy oi. What will be produced oii. How much of any product will be produced oiii. How will each product be distributed �B. State owns industry and mass communication
![CHAPTER 23 QUESTIONS ANSWER QUESTIONS 46 ON PAGE 702 CHAPTER 23 QUESTIONS � ANSWER QUESTIONS 46 ON PAGE 702](https://slidetodoc.com/presentation_image_h2/3c5fca83147be064ece814d67a7db03a/image-10.jpg)
CHAPTER 23 QUESTIONS � ANSWER QUESTIONS 46 ON PAGE 702
Web role in azure
Ambiguitätstoleranz krappmann
Statuses and their related roles determine
Hollis chenery
Role of government economics
Signalling economics example
Role of government in economic development
Lesson 3 the role of government in economic systems
Oxhmoron
Role of economic agents
Economic development vs economic growth