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Published on Dec 11, 2015

Economic Systems

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PRESENTATION OUTLINE

1.

ECONOMIC SYSTEMS

BY: TI'KESHA GAMBLE
2.

DEFINITION

A METHOD USED BY SOCIETY TO PRODUCE AND DISTRIBUTE GOODS AND SERVICES
3.

FOUR TYPES OF ECONOMIC SYSTEMS

  • Mixed
  • Market
  • Market
  • Traditional
  • Command
  • Command
4.

MIXED ECONOMY

A MARKET BASED ECONOMY WITH LIMITED GOVENMENT INVOLVEMENT
5.

MARKET

THE ECONOMIC DECISIONS ARE MABE BY INDIVIDUALS AND WHILE BEING BASED ON TRADE
6.

TRADITIONAL

RELIES ON CUSTOM, RITUAL, OR HABIT TO DECIDE WHAT TO PRODUCE, DISTRIBUTE
7.

COMMAND

A SYSTEM WHICH THERE IS A CENTRAL IN COMMAND, OR CENTRALLY PLANNED

Ti'kesha Gamble