https://padlet.com/05630781/zli9ax8ilyha8ui2 Viviane Dano Preiod 2 en-us 2021-05-28 14:45:58 UTC 2023-12-07 06:34:44 UTC hello@padlet.com 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1568696842 2021-05-28 14:49:16 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1568696842 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1568705475   A style of economy in which production and prices are decided by  competition between multiple privately owned businesses through a system of supply & demand.
  This picture demonstrates the relation between monetary needs and the government.]]> 2021-05-28 14:52:01 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1568705475 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1568711947 2021-05-28 14:53:57 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1568711947 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571818310 Free enterprise and Capitalism are different terms that can be used to identify market economy.]]> 2021-05-30 17:33:26 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571818310 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571818827   The USA, Western Europe,  and Japan are examples of different counties that operate with the Market economy system.
  This is an image of the type of environment in the EU Union.]]> 2021-05-30 17:33:57 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571818827 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571832186   There is many disadvantages to a market economy. Some include the lack of system to care for those who are disadvantage. There is also a lack in opportunity for the poor to gain any money, while the rich get richer and richer.
  This image shows the multiple words that can be used to describe the economy.]]> 2021-05-30 17:47:38 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571832186 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571832410 -Economic freedom: the right to choose what job they want, as well as what they can sell. 
-Private property: people have the right to privately own their property without the interference of the government.
-Motive: it provides innovation to inspire the public to be creative, therefore getting more money in return.]]> 2021-05-30 17:47:52 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571832410 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571832588 The individuals that run this economy are driven by their desire to make money.]]> 2021-05-30 17:48:04 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571832588 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571849622 The government is not very present in this system but instead support our markets from the shadows. If the economy were to fall, they would provide support. ]]> 2021-05-30 18:03:41 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571849622 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571860566 The different parts of the constitution each have a different use. Sections 8-10 in article 1 states rules to protect freedom of choice, prohibits states from taxing each other and establish copyright laws to prevent the conflicts that arise due to the sharing of similar ideas.
The fourth amendment also protects our private property by stopping any unreasonable searches and/or seizures.]]> 2021-05-30 18:13:41 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1571860566 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574076313   There are no more counties that operate under a completely traditional economy, but many groups precede to do so. Some examples are the Eskimos, who live in Alaska, and the Amish, who live in Pennsylvania.
  This image shows a group of Eskimos, whom are one of the few traditional economies.]]> 2021-05-31 17:19:33 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574076313 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574077686   An economy that runs on habits of its users. Most roles/jobs are shared from generation to generation and passed on like a cycle.
  This is a picture of a horse-drawn buggy, which is still used by the Amish to travel without using technology.]]> 2021-05-31 17:20:18 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574077686 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574228544   The first trait is that the group is usually centered around a specific family of tribe. They use the knowledge they have gathered from their elders as a guide in life. 
  This picture demonstrates the bond of the Inuit families and the fact that they are very reliant]]> 2021-05-31 18:43:56 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574228544 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574230408   People are generally either hunters or gatherers in a traditional nomadic economy. They move with the seasons to track the animals they hunt, as well as to avoid the dramatic change in weather.
  This picture depicts the style of life that was lived in the past, before we evolved and developed a new method of survival.]]> 2021-05-31 18:45:07 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574230408 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574235553   They rarely produce anything more than they need. This means that they had no need to trade or create money.
This image shows the group of people gathering materials.]]> 2021-05-31 18:48:13 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574235553 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574237024   Instead of trading, groups that are not competing against each other barter. They provide support in areas that some tribes might be lacking in and vice versa. This means that instead of using a specific currency, they just exchange resources in proportion.
This image demonstrates the general exchange that takes place between 2 groups.]]> 2021-05-31 18:49:15 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574237024 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574237510   The fifth important trait of a traditional economy is that once the people in the economy start to settle down in one spot and setting up farming settlements, they can evolve. Normally, they would trade leftover crops in return for resources, but when it comes to long distance exchanges, they may create a currency to facilitate the journey. 
  This is an image showing the bartering of a chicken and apples, to symbolize the type of exchanges that used to happen.]]> 2021-05-31 18:49:35 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574237510 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574320112 Most are located near currently developing countries. This includes Africa, parts of Latin America, and the Middle East. 
  The locations on the map with orange and red zones are places with much agricultural labor. Although this may be unrelated, it signify the fact that most traditional economies are located in these parts.]]> 2021-05-31 19:41:46 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1574320112 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578002489 2021-06-02 00:50:58 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578002489 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578005261   When the government controls all means of production. They determine what and how things are produced, as well as how it is distributed to the public. It mostly consists of communist or socialist countries.]]> 2021-06-02 00:52:07 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578005261 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578014594 All communist countries have a command economy because the ideals of it align with their own. China, Cuba, North Korea, Vietnam, as well as the old communist countries have a command economy. This is a picture of all the locations.]]> 2021-06-02 00:55:43 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578014594 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578025572 -Less inequality: The government can decide how much the workers are payed, meaning that the workers receive less discrimination in pays.
-Low unemployment rates: Because the government controls wages and jobs, the unemployment and wage distribution can be adjusted.
-Common good vs, Profit Priority: The government can tailor all prices to benefit the common good.]]> 2021-06-02 01:00:06 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578025572 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578025882 -Lack of motivation: without the motive of profit and competition, there is no incentive or innovation to be creative and work as hard.
-Low freedoms: The government controls every aspect of the peoples livelihoods. They are literally at the mercy of the government at all times and cannot escape for fear of prosecution.]]> 2021-06-02 01:00:13 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578025882 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578032939 The government has a central plan of action, but the peoples wants are often not reflected in it. People are generally permitted very few personal possessions (clothes, small household items, etc.)
This image shows that the government is a puppeteer to its country, and in this case, it is completely the governments to control.]]> 2021-06-02 01:02:59 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578032939 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578035605 The government can supposedly use its power to distribute resources to those in need during emergencies, such as war or natural disasters. ]]> 2021-06-02 01:04:00 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578035605 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578035821   Due to the fact that the government controls everything, if they do not keep track of peoples tastes and opinions, and remain unresponsive to the peoples needs, the government can become more of a dictatorship.
  This is an image of the Soviet Union, which was a "controlled government" that became a sort of dictatorship over the years]]> 2021-06-02 01:04:05 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578035821 05630781 https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578036895 Some governments that used to have a cont government have switched to a mix of a control and market economy because it better suits their needs or their change in views on the country. They have a mix of both systems ideals, why keeping the people in mind.
This picture shows a diagram demonstrating the cross between both economies.]]> 2021-06-02 01:04:34 UTC https://padlet.com/05630781/zli9ax8ilyha8ui2/wish/1578036895