https://padlet.com/84570/l30s5i7a167q Made with serendipity en-us 2017-10-19 00:25:29 UTC 2026-02-13 01:13:35 UTC hello@padlet.com 84570 https://padlet.com/84570/l30s5i7a167q/wish/198495503 Resource allocation established by central planners. State-owned businesses are often inefficient but rarely allowed to fail.]]> 2017-10-19 00:43:09 UTC https://padlet.com/84570/l30s5i7a167q/wish/198495503 84570 https://padlet.com/84570/l30s5i7a167q/wish/198495596 Pensions, jobs, income, housing, & healthcare provided or guaranteed by the government.]]> 2017-10-19 00:43:43 UTC https://padlet.com/84570/l30s5i7a167q/wish/198495596 84570 https://padlet.com/84570/l30s5i7a167q/wish/198495665 equality of opportunity, people are free to make own decisions on how to use their resources & capabilities but no guarantee of success. income depends on the value of labor & other resources an individual has to sell. ]]> 2017-10-19 00:44:07 UTC https://padlet.com/84570/l30s5i7a167q/wish/198495665 84570 https://padlet.com/84570/l30s5i7a167q/wish/198495717 Generally, individuals are responsible for their own health care, retirement benefits, housing & 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.]]> 2017-10-19 00:44:23 UTC https://padlet.com/84570/l30s5i7a167q/wish/198495717 84570 https://padlet.com/84570/l30s5i7a167q/wish/198495832 Government ownership of most capital and land resources, many decisions made by central planners.]]> 2017-10-19 00:45:01 UTC https://padlet.com/84570/l30s5i7a167q/wish/198495832 84570 https://padlet.com/84570/l30s5i7a167q/wish/198495897 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 and abilities.]]> 2017-10-19 00:45:21 UTC https://padlet.com/84570/l30s5i7a167q/wish/198495897 84570 https://padlet.com/84570/l30s5i7a167q/wish/198495950 Private ownership of all kinds of resources is allowed, and individual freedom and control of resources is highly valued.]]> 2017-10-19 00:45:41 UTC https://padlet.com/84570/l30s5i7a167q/wish/198495950 84570 https://padlet.com/84570/l30s5i7a167q/wish/198496036 Incentives for individuals & businesses to produce more and avoid waste encourage efficient use of resources. Specialization, investment in capital & workers’ education & training,  & trade encourage higher levels of output.]]> 2017-10-19 00:46:15 UTC https://padlet.com/84570/l30s5i7a167q/wish/198496036 84570 https://padlet.com/84570/l30s5i7a167q/wish/198496097 Growth targets set by central planners who assign output quotas for different firms. Weak incentives to reduce waste. Plant facilities & equipment maintenance often a problem.]]> 2017-10-19 00:46:39 UTC https://padlet.com/84570/l30s5i7a167q/wish/198496097 84570 https://padlet.com/84570/l30s5i7a167q/wish/198496155 Some unemployment is tolerated, income depends on the resources an individual has to sell, the federal government uses monetary & fiscal policies to reduce unemployment & inflation & encourage economic growth.]]> 2017-10-19 00:46:59 UTC https://padlet.com/84570/l30s5i7a167q/wish/198496155 84570 https://padlet.com/84570/l30s5i7a167q/wish/198496204 No unemployment, prices usually set below market price to ensure that goods are sold, which controls official measures of inflation.]]> 2017-10-19 00:47:14 UTC https://padlet.com/84570/l30s5i7a167q/wish/198496204 84570 https://padlet.com/84570/l30s5i7a167q/wish/198496291 Most allocation decisions made by consumers and producers in markets. Extensive specialization and international trade increase productivity and competition.]]> 2017-10-19 00:47:45 UTC https://padlet.com/84570/l30s5i7a167q/wish/198496291