https://padlet.com/85040/faed9xz5eu5x Broad Social Goals en-us 2017-10-16 04:31:43 UTC 2017-10-16 04:57:24 UTC hello@padlet.com 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197212880 Resource allocation established by central planners. State-owned businesses are often inefficient but rarely allowed to fail. 

Command Economy, Socialism]]> 2017-10-16 04:40:55 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197212880 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197212986 Pensions, hobs, income, housing and health care provided or guaranteed by the government.

Command economy, communism]]> 2017-10-16 04:42:26 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197212986 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197213068 Equality of opportunity, people are free to make their own decisions on how to use their resources and capabilities but no guarantee of success. Income depends on the value of labor and other resources an individual has to sell.

Market economy, capitalism]]> 2017-10-16 04:43:34 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197213068 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197213143 Generally, individuals are responsible for their own health care,  retirement benefits, housing and income. But there are some government programs to reduce risks and provide increased economic security such as assistance for low-income families, unemployment compensation, social security, and government job training programs.

Market economy, socialism]]> 2017-10-16 04:44:15 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197213143 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197213346 Government ownership of most capital and land resources, many decision made by central planners.

Command economy, socialism]]> 2017-10-16 04:46:15 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197213346 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197213430 Wages often set by government to provide greater equality of income. Opportunities for moving or changing jobs are limited, so jobs may not make use of individuals' skills or abilities.

Command economy, communism]]> 2017-10-16 04:47:08 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197213430 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197213678 Private ownership of all kinds of resources is allowed, and individual freedom and control of resources is highly valued.

Market economy, capitalism]]> 2017-10-16 04:49:21 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197213678 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197213746 Incentives for individuals and businesses to produce more and avoid waste encourage efficient use of resources. Specialization, investment in capital and workers education and training, and trade encourage higher levels of output.

Market economy, capitalism]]> 2017-10-16 04:50:00 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197213746 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197213961 Growth targets set by central planners who assign output quotas for different firms. Weak incentives to reduce waste. Plant facilities and equipment maintenance are often a problem.

Market economy, socialism]]> 2017-10-16 04:51:58 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197213961 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197214207 Some unemployment is tolerated, income depends on the resources an individual has to sell, the federal government uses monetary and fiscal policies to reduce unemployment and inflation and encourage economic growth.

Market economy, capitalism]]> 2017-10-16 04:54:10 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197214207 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197214325 No unemployment, prices are usually set below market price to ensure that goods are sold, which controls official measures of inflation. 

Command economy, communism.]]> 2017-10-16 04:55:35 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197214325 85040 https://padlet.com/85040/faed9xz5eu5x/wish/197214465 Most allocation decisions made by consumers and producers in markets. Extensive specialization and international trade increase productivity and competition.

Market economy, capitalism.]]> 2017-10-16 04:56:50 UTC https://padlet.com/85040/faed9xz5eu5x/wish/197214465