Tuesday, February 11, 2014

Economic Systems

February 11th, 2013,

1) Collected Homework- Chapter 2 Review 
2) 93-Year-Old Tenant Wins Eminent Domain Case 
3) Sections 1-4 Review.
4) Review for Chapter 2

Homework: Quiz Tomorrow. 

Know the following topics...
Competition
Economic Questions
Specialization 
Motivations 
Product Market 
Function of Economic System 

Privatization: The transition from a centrally planned economy to a more free market model.
Nationalization: The transition from a market economy to a more centrally planned model. 

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