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Section 2.4 “Modern Economies in a Global Age”

Section 2.4 “Modern Economies in a Global Age”. Today’s Mixed Economies. Mixed Economy Economic system that has the elements of traditional, command and market economies The most common type of economy in the world. Today’s Mixed Economies. Life in a Mixed Economy

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Section 2.4 “Modern Economies in a Global Age”

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  1. Section 2.4“Modern Economies in a Global Age”

  2. Today’s Mixed Economies Mixed Economy Economic system that has the elements of traditional, command and market economies The most common type of economy in the world

  3. Today’s Mixed Economies Life in a Mixed Economy Today’s modern farmer in central America is a perfect example of a mixed economy with a 3 economic systems represented.

  4. Today’s Mixed Economies Types of Mixed Economies All mixed economies have a different balance between the market and command aspects of the economy USA: More focused on Market France: best example of an even mix Sweden: More focused on Command

  5. Trends in Modern Economies Trend #1: Changes in Ownership Nationalize Change from private to government ownership Privatize Change from government to private ownership

  6. Trends in Modern Economies Trend #2: Increasing Global Ties One way to privatize an industry is to open it up to foreign investors Global Economy All economic international across international borders

  7. Trends in Modern Economies Globalization The development of an increasingly integrated global economy marked especially by free trade How is the world becoming more and more globalized?

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