Chapter 2: Economic Systems Section 1
Chapter 2: Economic SystemsSection 1Chapter 2: Economic SystemsChapter 2: Economic SystemsSection 1Section 1Slide 2Copyright Pearson Education, 2 Section 1ObjectivesObjectives1. Identifythe three key Economic questions that all societies must Analyzethe societal values that determine how a country answers the three Economic Definethe characteristics of a traditional 3Copyright Pearson Education, 2 Section 1Key TermsKey Terms Economic system :the structure of methods and principles that a society uses to produce and distribute goods and services factor payment:the income people receive in return for supplying factors of production profit:the amount of money a business receives in excess of expenses safety net.
Title: Microsoft PowerPoint - econ_ch02_sect04_online_lecture_notes Author: Bob Created Date: 8/8/2012 7:33:32 PM
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