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The top documents tagged [government communism]
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Economic Systems Chapter 2. Types of Economic Systems Economic system: how society uses resources to satisfy peoples wants Three basic systems: Traditional
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Chapter 2. Types of Economic Systems Economic system: how society uses resources to satisfy peoples wants Three basic systems: Traditional Command market
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Capitalism – economic system based on private ownership of business to make profit (Market Economy) Socialism –economic system where the factors of
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A Tale of Two Economists Adam Smith & Karl Marx. Key Terms Capitalism - an economic system in which the factors of productions are owned by private individuals
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Warm Up Write down what you know about the Cold War, what you want to know, and at the end of class, you will write down something you learned; this will
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Economic Systems. The 3 Major Production Questions What to produce? How to produce? For whom to produce? We will classify economic systems into categories,
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Standard: SS7CG7a Compare and contrast the federal republic of The Republic of India, the communist state of The People’s Republic China, and the constitutional
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Four Factors of Production Labor Land Capital Payments to Factors of Production Interest Wage Rent Profit Entrepreneurship
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