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Mexico

Mexico. Grade 6, Unit 1, Lesson 3. Key Understanding. Interaction between a country’s government, its economic system, and the factors of production often determines the level of economic development in a country. Let us explore Mexico’s level of economic development.

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Mexico

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  1. Mexico Grade 6, Unit 1, Lesson 3

  2. Key Understanding Interaction between a country’s government, its economic system, and the factors of production often determines the level of economic development in a country. Let us explore Mexico’s level of economic development. First, we need to understand the factors of production.

  3. Mexico

  4. Mexico’s Economic System: Free Enterprise/Free Market Economy Defined: Inputs used in the production of goods and services Factors of Production Examples Land Entrepreneurs (People willing to invest) Capital: $$ Labor

  5. Mexico • Information About Mexico • In groups of three, read the summary introductory paragraph from the web link above. • Read and gather information for your folded paper organizer. • Remember to focus on the economy, history and government.

  6. Mexico’s Government • Three branches of government: Executive, Legislative and Judicial • President is elected for only one term (serves a total of 6 years and may not serve again) • Two political party system • Unfortunately, corruption within the government decreases the number of outside investors.

  7. Mexico’s Economy • Monetary Policy: historically Mexico has increased (printed more) money supply creating inflation and a devalue of their money. • Lack of economic freedom (freedom to compete and protection of people) • Corruption keeps the economy from growing because foreign investors are fearful of the instability. • Manufacturing industries may take raw materials, buy materials from wholesalers, or buy materials from a retailer to make new products. – manufacturing in Mexico (Examples: clothing, toys, cars, houses, etc. • Service industries provide intangible goods directly to the public, not final products – maquiladoras in Mexico (they provide labor, but companies are not Mexican), tourism as one of biggest industries after oil production.

  8. Mexico’s EconomyWhat determines the level of economic development for a country? • Life Expectancy: the average number of years remaining in the life span of a person. (In Mexico– 76) • Gross Domestic Product: a measure of the economy; the total market value of goods and services produced within a country per year. (In Mexico– 1.1 trillion) • Gross Domestic Product per capita: this indicates the people’s standard of living; it is the country’s GDP divided by the number of people in the country. (In Mexico– $14,700) • Literacy: the ability to read and write (In Mexico– 86%)

  9. What is important to contemporary Mexico?

  10. Muralists Diego Rivera, Jose Clemente Orozco, and David Alfaro Siqueiros were important artists in 20th century.

  11. What stories do murals tell? • The mural tradition continues today, as shown in the mural we saw painted on the fence.

  12. . Artist Hector Duarte, who lives in Chicago, has turned his home into a giant mural representing the struggles of a Mexican immigrant

  13. This is a ________________ that illustrates __________________________________.

  14. Evaluation: Performance Indicator

  15. Corn • Corn was first domesticated in Mexico about 8,700 years ago, around 6700 BC • The story of corn is the story of Mexico. • Public art in Mexico has a long history, predating European exploration • Murals are one medium used to communicate with the people.

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