Chapter 1 Slideshow 2
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The document discusses different types of economies and factors to consider when deciding whether to get a job after high school or go to college. It also examines options for traveling to Florida such as driving or flying and considers advantages and disadvantages of each. Finally, it defines and compares command, market, capitalist, and communist economies.
Chapter 1 Slideshow 2
- 1. Chapter 1 Slideshow 2 Principles of Business and Personal Finance Anish Desai Block 3
- 2. City To Live In… Miami, Florida Boston, Massachusetts
- 3. Colleges To Go To… UNC Harvard
- 4. Getting a Job Should I get a job after high school or go to college? Getting a job after high school and going to college An advantage is that you can get a better job that pays more money if you get a job after college. A disadvantage to going to college can be that you might not have enough money to go to college. A disadvantage to getting a job after high school is that it doesn’t pay well. Job after college Act on decision (Will be answered in future time)
- 5. Driving or Flying to Florida Weather to drive or fly to Florida. Driving or flying Advantage to flying is that it is faster. A disadvantage to flying is that it MAYBE expensive. An advantage to driving is that is MAY save money. A disadvantage is that it takes longer to get there and the high gas prices. Flying Gas prices will be about $100-$150 and a ticket is only $50-$100 dollars more. Good
- 6. Command Economy A command economy are resources that are owned and controlled by the government. North Korea is a command economy. An advantage of a command economy is if someone had owned a building and it went out of business, they would loss a lot of money. So in a command economy, people wouldn’t loose money. A disadvantage is that the people may not agree with the government.
- 7. Market Economy In a market economy, the resources are owned and controlled by the people for the country. The United States uses a Market Economy. An advantage is that you can do what you want. A disadvantage is that you could lose money.
- 8. Capitalism Capitalism refers to the private ownership of resources by individuals, rather than by the government. The United States used capitalism. An advantage is that people can do whatever they want , but it must follow the right of private property . The disadvantage is you might lose money if you do bad.
- 9. Communist Economy A Communist Economy is when the government is control of the Economy. China is an example of this. An advantage is that everything is the same. A disadvantage is that there is no freedom for what you want to do.