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Unit 4 game name that-economic_system

econ

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Unit 4 game name that-economic_system

  1. 1. Name That System
  2. 2. Determine for each slide whether the economic system being illustrated is TraditionalTraditional CommandCommand OR MarketMarket
  3. 3. 1. Actions in this type of economy relate to ritual, habit and custom.
  4. 4. TRADITIONAL ECONOMY
  5. 5. 2. A strength of this type of economy is its ability to rapidly change in a short period of time
  6. 6. COMMAND ECONOMY
  7. 7. 3. A weakness of this economy is its failure to provide for the weak, the sick, the old and the very young who cannot be productive
  8. 8. Market economy
  9. 9. 4. Name a stable, predictable and continuous economic system
  10. 10. TRADITIONAL ECONOMY
  11. 11. 5. This economic system does not meet the needs and wants of citizens because the central authority makes all decisions, rather than the individual
  12. 12. COMMAND ECONOMY
  13. 13. 6. This economic system discourages new ideas or change
  14. 14. TRADITIONAL ECONOMY
  15. 15. 7. This economic system provides a high degree of consumer satisfaction because individuals make most of the
  16. 16. Market economy
  17. 17. 8. This economic system offers a variety of goods and services because new ideas are encouraged
  18. 18. Market economy
  19. 19. 9. This economic system lacks incentive for individuals because a central authority controls the factors of production; there is no private property
  20. 20. COMMAND ECONOMY
  21. 21. 10. This economic system has a notable lack of government interference
  22. 22. Market economy
  23. 23. 11. Which system would these people do well in?
  24. 24. Market economy
  25. 25. 12. If you believed in free enterprise, which system would you MOST disagree with?
  26. 26. COMMAND ECONOMY
  27. 27. 13. “WE COULD SELL OUR PRODUCTS FOR PERSONAL PROFIT IN WHICH SYSTEM?” - - Name that system!
  28. 28. Market economy
  29. 29. 14. “Our grandmothers taught us to weave, and we have taught our daughters.” - Name that system!
  30. 30. TRADITIONAL ECONOMY
  31. 31. 15. “We slaughter the hogs because the government tells us to. I hate this job. I’d rather be a carpenter.” - Name that system!
  32. 32. COMMAND ECONOMY
  33. 33. 16. “We slaughter hogs better than any of our competitors!” - Name that system!
  34. 34. Market economy
  35. 35. 17. “We’ve been quilting for our community for decades. We’re very talented.” – Name that system!
  36. 36. TRADITIONAL ECONOMY
  37. 37. 18. “I really hate quilting. I wish I could go fishing instead, but girls don’t fish in our community.” – Name that system!
  38. 38. TRADITIONAL ECONOMY
  39. 39. 19. “We wait for the government to give us rations of meat, but there is never enough.” – Name that System!
  40. 40. COMMAND ECONOMY
  41. 41. 20. “People who cannot work are not rewarded in this system.” – Name that system!
  42. 42. Market economy
  43. 43. 21. “Goods are moving in and out of our country every day because of consumer demand.” – Name that System!
  44. 44. Market economy

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