1 / 1

Integrating Economic Analyses: Types of Economic Systems

Integrating Economic Analyses: Types of Economic Systems. Command. Mixed. Market. Mostly private ( individual or business) ownership of economic resources Bias toward entreprenuial innovation Invisible hand, laizzez faire, propety rights , and individualism The Philosophy

ross
Télécharger la présentation

Integrating Economic Analyses: Types of Economic Systems

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Integrating Economic Analyses:Types of Economic Systems Command Mixed Market Mostly private (individual or business) ownership of economicresources Biastoward entreprenuial innovation Invisible hand, laizzez faire, propetyrights, and individualism The Philosophy of Capitalism Government ownership of the factors of production –land, capital, labor, technology Bias toward large-scale, capital intensive production Visible hand of the man, central planning and collectivism The Philosophy of Communism Government and private ownership of economic resources mixed in varying proportion Goal of balancingeconomicefficiency but protectingagainst the excesses of greed and self-interest

More Related