Economic Systems by Canino, Maximo A - 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1 Maximo Canino P6 en-us 2021-05-26 18:40:41 UTC 2024-10-26 09:38:57 UTC hello@padlet.com Market Economy 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569379272 An economy where the economy functions by itself with little to no government intervention.]]> 2021-05-28 18:29:07 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569379272 Companies make and sell goods 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569393443 In a market economy, companies buy and sell goods. They do that under government regulations, but the government usually does not manage this procedure.]]> 2021-05-28 18:34:22 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569393443 The people buy their own products, sold by the companies 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569406094 People are free to buy whatever they have enough money to buy.]]> 2021-05-28 18:39:12 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569406094 The government doesn't intervene in most situations 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569410914 Government intervention is kept to a minimum. In the US, for example, the government only intervenes when there is a crisis.]]> 2021-05-28 18:41:16 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569410914 Free Trade 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569442829 Countries trade without tariffs.]]> 2021-05-28 18:54:03 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569442829 Companies own and control the supply 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569462405 Companies are tasked with meeting the demand.]]> 2021-05-28 19:02:51 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569462405 People become rich or poor through companies and the economy 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569473973 Some people might start at the bottom, but can get up through hard work.]]> 2021-05-28 19:07:17 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569473973 The companies give jobs 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569501027 Most jobs are provided by companies.]]> 2021-05-28 19:18:28 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569501027 Companies make their own economic decisions 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569507561 Companies are free to make their own decisions.]]> 2021-05-28 19:21:25 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1569507561 Command Economy 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580480742 An economy where the government controls everything]]> 2021-06-02 18:50:36 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580480742 The government needs to meet the demand 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580498182 Command economies have the government managing the economy.]]> 2021-06-02 18:57:51 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580498182 The government makes economic decisions 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580521017 Instead of people buying what they choose, the government makes the decisions for them.]]> 2021-06-02 19:07:39 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580521017 All people are given jobs by the government 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580635884 All jobs are appointed by the government.]]> 2021-06-02 19:58:01 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580635884 Companies have no power 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580648751 The companies that exist are all under the control of the government.]]> 2021-06-02 20:04:32 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580648751 People are given what is necessary, they do not buy it 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580658097 Instead of buying items like food, they are given to people.]]> 2021-06-02 20:08:53 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580658097 The government controls trade 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580736402 The government has complete power over trade and business.]]> 2021-06-02 20:50:16 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580736402 The government spreads the wealth 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580741823 The income for different people is dictated by the government.]]> 2021-06-02 20:53:26 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580741823 Nobody is supposed to have all the wealth 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580755376 The government is supposed to stop people from getting too much money.]]> 2021-06-02 21:01:52 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580755376 Traditional Economy 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580773319 The economy is centered around food.]]> 2021-06-02 21:13:05 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580773319 People farm some of their food 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580775264 Some food comes from farming.]]> 2021-06-02 21:14:23 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580775264 Some food comes from hunting 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580780751 People also hunt for food]]> 2021-06-02 21:17:26 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580780751 Food is the most important part 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580785506 Food is what the economy is based on.]]> 2021-06-02 21:20:38 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580785506 There is little to no change 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580810111 The economy stays the same.]]> 2021-06-02 21:36:36 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580810111 Jobs usually pass through families 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580819736 A person living in a traditional economy is born with a job meant for them to do when they are older.]]> 2021-06-02 21:43:15 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580819736 Food is the economy 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580825333 People harvest food and eat it or give it as food to others.]]> 2021-06-02 21:47:34 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580825333 People get food instead of working in factories 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580848514 There are no factories. Instead, everyone gets food.]]> 2021-06-02 22:05:34 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580848514 There are no vacations 0652113 https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580854303 Everyone has to work constantly]]> 2021-06-02 22:09:59 UTC https://padlet.com/0652113/2hdb8qgnhvay83q1/wish/1580854303