Systems of economy by Germana-Crocco, Camilla - 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew Camilla Germana Period 1 en-us 2021-05-30 19:46:40 UTC 2024-11-16 06:42:57 UTC hello@padlet.com Systems of economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1571959227 2021-05-30 19:47:39 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1571959227 Traditional economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1571959433 2021-05-30 19:47:54 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1571959433 A traditional economy is a system that relies on customs, history, and time-honored beliefs. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574509230 2021-05-31 22:20:14 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574509230 Characteristics 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574511750 2021-05-31 22:22:47 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574511750 Societies that practice a traditional economy depend on fishing, hunting, agriculture, etc.. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574512380 2021-05-31 22:23:33 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574512380 Children work the same jobs parents work, often being farming or hunting. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574513957 2021-05-31 22:25:11 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574513957 Advantages 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574549428 2021-05-31 23:00:10 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574549428 Traditional economy doesn't produce any industrial pollution and it keeps our environment clean 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574552451 2021-05-31 23:03:28 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574552451 Traditional economy consists of producing only what they need, therefore there is not waste 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574553572 2021-05-31 23:04:39 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574553572 This pictures shows a man fishing. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574556171 2021-05-31 23:07:17 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574556171 This picture shows children as well as adults gathering food and transporting it 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574558731 2021-05-31 23:09:25 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574558731 This picture shows people gathering food by hand. By gathering the food by hand the environment is kept clean and with no pollution 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574560795 2021-05-31 23:11:31 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574560795 Command economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574562625 2021-05-31 23:13:20 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574562625 A command economy is where a central government makes all economic decisions. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574563314 2021-05-31 23:13:58 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574563314 Characteristics 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574563781 2021-05-31 23:14:28 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574563781 The government is the one that owns the monopoly business 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574565994 2021-05-31 23:16:09 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574565994 The government the laws, the regulations, and it enforces the central plan 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574566804 2021-05-31 23:16:51 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574566804 Advantages 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574570537 2021-05-31 23:19:33 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574570537 Disadvantages 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574572518 2021-05-31 23:21:21 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574572518 With no factories and everything being environmentally-safe people are exposed to changes in nature and weather patters 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574574166 2021-05-31 23:22:54 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574574166 A traditional economy is vulnerable to other like command and market economy using their natural resources 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574575808 2021-05-31 23:24:24 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574575808 Examples 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574579456 2021-05-31 23:27:44 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574579456 The following places practice a traditional economy : Eskimo (Alaska) and Amish (Pennsylvania) 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574579828 2021-05-31 23:28:01 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574579828 This picture shows she government holding all the power and controlling everyone inferior to them. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574584691 2021-05-31 23:31:30 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574584691 This pictures shows the government society (portrayed as a worker) asking the Government (Portrayed as Ronald McDonald) for more wages. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574588063 2021-05-31 23:33:50 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574588063 Government is able to manipulate large amounts of resources without getting issued with things like lawsuits 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574592702 2021-05-31 23:37:36 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574592702 Government is bale to act quickly in case of emergencies 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574594233 2021-05-31 23:38:54 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574594233 Disadvantages 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574594896 2021-05-31 23:39:26 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574594896 There can be rapid change in which government can forget about society's needs 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574597829 2021-05-31 23:41:44 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574597829 Government lacks the initiative to work hard and creativity 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574599306 2021-05-31 23:42:59 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574599306 Examples 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574600409 2021-05-31 23:43:46 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574600409 The following places practice a command economy : China, Vietnam, North Korea, former soviet union, cuba 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574600875 2021-05-31 23:44:01 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574600875 Market economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574603736 2021-05-31 23:45:57 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1574603736 an economic system in which production and prices are determined by unrestricted competition between privately owned businesses. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576198599 2021-06-01 13:21:27 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576198599 Characteristics 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576204447 2021-06-01 13:23:08 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576204447 there is a freedom of choice. The owners choose what to produce and sell. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576205758 2021-06-01 13:23:31 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576205758 There is private property. The goods and services are privately owned 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576208421 2021-06-01 13:24:18 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576208421 Advantages 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576212463 2021-06-01 13:25:28 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576212463 The products or goods will ensure the needs of consumers in the best ways possible 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576215818 2021-06-01 13:26:24 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576215818 People act out of self interest; motive for profit (money) drives the economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576222221 2021-06-01 13:28:13 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576222221 Disadvantages 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576225581 2021-06-01 13:29:10 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576225581 It doesn't provide a system of care to those who have competitive disadvantage 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576269431 2021-06-01 13:40:59 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576269431 The economy has society reflect on those who succeed at market economy. While there are people with open business on the side there are also people that are starving 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576275909 2021-06-01 13:42:45 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576275909 Examples 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576286145 2021-06-01 13:45:35 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576286145 These following places practice market economy : The United States, Japan, Western Europe, Hong Kong 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576287341 2021-06-01 13:45:56 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1576287341 This picture shows some of the items sold in a traditional economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577680221 2021-06-01 21:27:05 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577680221 This picture shows a market in a traditional economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577684852 2021-06-01 21:30:06 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577684852 This pictures shows the animals in a traditional economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577689982 2021-06-01 21:33:32 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577689982 This picture shows different weather changes on Earth 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577694664 2021-06-01 21:36:36 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577694664 This is a picture of the Alaska flag 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577696342 2021-06-01 21:37:44 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577696342 This picture shows the Pennsylvania flag 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577697690 2021-06-01 21:38:38 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577697690 This pictures shows a political cartoon about government making all the decisions for society 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577702619 2021-06-01 21:42:01 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577702619 This picture shows a political cartoon about congress making all the decisions without even knowing how to "drive" them 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577704648 2021-06-01 21:43:30 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577704648 This picture shows a meme describing command economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577709749 2021-06-01 21:46:57 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577709749 This picture shows the flag of the United States. 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577711464 2021-06-01 21:48:11 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577711464 This picture shows the flag of China 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577712786 2021-06-01 21:49:10 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577712786 This picture shows the Vietnam flag 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577714669 2021-06-01 21:49:55 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577714669 This picture shows the flag of Cuba 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577716197 2021-06-01 21:51:02 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577716197 This picture shows a political cartoon about market economy 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577720303 2021-06-01 21:54:01 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577720303 This picture shows a product sold by Louis vuitton 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577724147 2021-06-01 21:56:45 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577724147 This picture shows the logo of a private business 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577725594 2021-06-01 21:57:46 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577725594 This picture shows the logo of another private business 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577728109 2021-06-01 21:59:24 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577728109 This picture shows a product sold by Nike 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577730185 2021-06-01 22:00:53 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577730185 This picture shows the flag of Japan 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577731790 2021-06-01 22:02:01 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577731790 This picture shows the flag of Hong Kong 0655653 https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577733782 2021-06-01 22:03:33 UTC https://padlet.com/0655653/1xet0ach41tsl5ew/wish/1577733782