Transcription of Chapter 2: Economic Systems and Decision Making
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Chapter 2: Economic Systems and Decision Making
Why It MattersTake a closer look at the way your high school is organized. Who makes the decisions on lesson plans? Who plans out events that take place during the year? Who makes financial decisions, and how? Are parents and voters involved in the educational system ? Obtain information from your school district office or the library to create a chart that lists the rights and responsibilities of people in your school district to meet the needs of education. Read Chapter 2 to learn about the different Economic Systems that societies set up to meet their specific Economic BIG IdeaEvery society has an Economic system to allocate goods and Overview Visit the Economics: Principles and Practices Web site at and click on Chapter 2 Chapter Overviews to preview Chapter Systems and Decision MakingIn a market economy, individuals can freely make all Economic choices, including opening a UNIT 1 Peter Beck/CorbisGUIDE TO READINGCHAPTER 2 Economic Systems and Decision Making 33 Economic SystemsSECTION1 Section Preview In this section, you will learn about the different types of Economic Systems that govern WHAT goods and services to produce, HOW to produce them, and FOR WHOM to produce them.
Chinese workers. Headlines detailing the power struggle between the All-China Federation of Trade Unions (ACFTUS) and Wal-Mart have drawn attention to the retailer’s anti-union stance in a Communist country. Meanwhile, the world watches as China seeks to balance modern and traditional ways, as well as capitalist and communist ideologies.
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