3 Types of Economies

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3 Types of Economies




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3 Types of Economies
Name How does it work? Who is in charge? Where is it found in the world?



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Supply And Demand
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1988 Nintendo
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(No Transcript)
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PlayStation 3
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Playstation
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X-Box
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Xbox 360
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(No Transcript)
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Gameboy DS Lite
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Wii
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X-Box prices

• (November 15, 2001, (449)
• (May 15, 2002) (299)
• (May 14, 2003) (249)
• (March 29, 2004) (199)

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3 Types of Economies




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3 Types of Economies
Name How does it work? Who is in charge? Where is it found in the world?



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3 Types of Economies
Name How does it work? Whos in charge? Where is it found in the world?
Traditional Economy


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Name How does it work? Whos in charge? Where is it found in the world?
Traditional Economy Barter System


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3 Types of Economies
Name How does it work? Whos in charge? Where is it found in the world?
Traditional Economy Barter System People


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3 Types of Economies
Name How does it work? Whos in charge? Where is it found in the world?
Traditional Economy Barter System People Under developed countries


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Name How does it work? Whos in charge? Where is it found in the world?
Traditional economy Barter System People Under developed countries
Market Economy

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Name How does it work? Whos in charge? Where is it found in the world?
Traditional economy Barter System People Under developed countries
Market Economy Capitalism Free Enterprise

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Name How does it work? Whos in charge? Where is it found in the world?
Traditional Barter System People Under developed countries
Market Economy Money to buy things. Prices set by supply and demand

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Name How does it work? Whos in charge? Where is it found in the world?
Traditional Barter System People Under developed countries
Market Economy Money to buy things. Prices set by supply and demand. People

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Name How does it work? Whos in charge? Where is it found in the world?
Traditional Barter System People Under developed countries
Market Economy Money to buy things. Prices set by supply and demand. People United States, Great Britain

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Name How does it work? Whos 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
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Name How does it work? Whos 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.
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Name How does it work? Whos 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
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Name How does it work? Whos 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
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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

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• 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