Economics
Economics
Unit 1 | Topic 2 | Free Enterprise and Other Economic Systems
Unit 1 | Topic 2 | Free Enterprise and Other Economic Systems
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Who benefits from the free market economy?
Who benefits from the free market economy?
Introduction to Topic 2
Introduction to Topic 2
My Story: Keslie Bradshaw, Guiding Innovation
My Story: Keslie Bradshaw, Guiding Innovation
All societies develop a system for answering the three basic economic questions what goods and services should be produced, how should they be produced, and who will consume them? These systems range from free market systems, in which individuals and firms are free to act in their own economic self-interest, to centrally planned economies governed by a central authority. The United States system features a high degree of economic freedom with a limited amount of government involvement in economic matters.
Topic 2.1
Topic 2.1
The Three Key Economic Questions
The Three Key Economic Questions
What goals and values affect how a society answers the key economic questions?
Topic 2.2
Topic 2.2
Free Markets
Free Markets
What are the characteristics of a free market economy?
Topic 2.3
Topic 2.3
Centrally Planned Economies
Centrally Planned Economies
What are the characteristics of a centrally planned economy?
Topic 2.4
Topic 2.4
Mixed Economies
Mixed Economies
What are the characteristics of a mixed economy?
Topic 2.5
Topic 2.5
Benefits of Free Enterprise
Benefits of Free Enterprise
What are the benefits of free enterprise?
Topic 2.6
Topic 2.6
Supporting Economic Growth
Supporting Economic Growth
How does the U.S. government promote growth and stability?
Topic 2.7
Topic 2.7
Public Goods and Externalities
Public Goods and Externalities
Why does a society provide public goods?
IN_Econ_Topic02_GuideAssessment.pdfTopic 2 Quick Study Guide
Topic 2 Quick Study Guide
Who benefits from the free market economy?
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