Transcription of Chapter 2: Economic Systems Section 1 - jb-hdnp.org
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Chapter 2: Economic Systems Section 1 - jb-hdnp.org
Chapter 2: Economic SystemsSection 1 Chapter 2: Economic SystemsChapter 2: Economic SystemsSection 1 Section 1 Slide 2 Copyright Pearson Education, 2 Section 1 ObjectivesObjectives1. 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 3 Copyright Pearson Education, 2 Section 1 Key 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:a set of government programs that protect people who face unfavorable Economic conditions Slide 4 Copyright Pearson Education, 2 Section 1 Key Terms, Terms, cont.
Title: Microsoft PowerPoint - econ_ch02_sect04_online_lecture_notes Author: Bob Created Date: 8/8/2012 7:33:32 PM
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