Economic Systems by Dean Stewart https://padlet.com/0468931/w1afm16wvkmxmf8t Made by Dean Stewart en-us 2021-06-01 13:31:57 UTC 2025-12-07 22:24:57 UTC hello@padlet.com Market Economy 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1576239908 2021-06-01 13:33:05 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1576239908 Owned and Controlled by separate people. 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577658883 2021-06-01 21:14:07 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577658883 People give money for other resources like clothes or a service 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577660481 2021-06-01 21:15:02 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577660481 If a supply of something is low and the demand is high the price will be high, but if the the supply is high and the demand isn't too much then there will be not that many people buying it. 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577662280 2021-06-01 21:16:05 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577662280 Government's power is limited to only making sure that the rules apply to everyone and everything is fair. 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577664967 2021-06-01 21:17:43 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577664967 a "pure" market economy doesn't exist because of taxes. 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577672874 2021-06-01 21:22:23 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577672874 Competition makes companies with lower prices be more efficient. 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577674379 2021-06-01 21:23:20 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577674379 companies sell their items at the highest price people are willing to pay 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577678745 2021-06-01 21:26:09 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577678745 Goods are efficiently produced so the people could get the best quality items 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577685608 2021-06-01 21:30:35 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577685608 Command Economy 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577689718 2021-06-01 21:33:21 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577689718 Government controls how everything is made and sold 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577691737 2021-06-01 21:34:41 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577691737 No private companies 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577694124 2021-06-01 21:36:16 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577694124 The government sends out workers and determines their pay 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577695877 2021-06-01 21:37:25 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577695877 Everything is equal and there is barely unemployment 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577697196 2021-06-01 21:38:19 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577697196 Lack of Competition 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577699782 2021-06-01 21:40:06 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577699782 lack of being efficient 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577700169 2021-06-01 21:40:22 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577700169 Less freedom 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577702300 2021-06-01 21:41:47 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577702300 There can be too much of something and not the other 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577703401 2021-06-01 21:42:35 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577703401 Traditional Economy 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577725460 2021-06-01 21:57:42 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577725460 Relies on beliefs and history 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577728031 2021-06-01 21:59:21 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577728031 A certain tradition could have a different way of producing something 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577729690 2021-06-01 22:00:36 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577729690 They Hunt, fish, and even grow their own food 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577731267 2021-06-01 22:01:38 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577731267 They use barter as money 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577731810 2021-06-01 22:02:02 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577731810 They mostly only trade food with each other instead of using money. 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577734285 2021-06-01 22:03:58 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577734285 Tribes can compete with each other 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577737926 2021-06-01 22:06:34 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577737926 They produce only what they need 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577738547 2021-06-01 22:07:05 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577738547 They will eventually move onto market or command economy 0468931 https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577739021 2021-06-01 22:07:27 UTC https://padlet.com/0468931/w1afm16wvkmxmf8t/wish/1577739021