Transcript of Marketing Dynamics Copyright © Texas Education Agency, 2014. All rights reserved.
- Slide 1
- Marketing Dynamics Copyright Texas Education Agency, 2014. All
rights reserved
- Slide 2
- Copyright Texas Education Agency. The materials found on this
website are copyrighted and trademarked as the property of the
Texas Education Agency and may not be reproduced without the
express written permission of the Texas Education Agency, except
under the following conditions: 1)Texas public school districts,
charter schools, and Education Service Centers may reproduce and
use copies of the Materials and Related Materials for the districts
and schools educational use without obtaining permission from the
Texas Education Agency; 2)Residents of the state of Texas may
reproduce and use copies of the Materials and Related Materials for
individual personal use only without obtaining written permission
of the Texas Education Agency; 3)Any portion reproduced must be
reproduced in its entirety and remain unedited, unaltered and
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non-educational, located outside the state of Texas MUST obtain
written approval from the Texas Education Agency and will be
required to enter into a license agreement that may involve the
payment of a licensing fee or a royalty fee. Copyright Texas
Education Agency, 2014. All rights reserved
- Slide 3
- The student will compare and contrast how economies answer
basic economic questions The student will explain why most
economies are mixed. The student will determine the relationship
between government and business. Copyright Texas Education Agency,
2014. All rights reserved
- Slide 4
- Economy Factors of Production Scarcity Market economy Command
economy Mixed economy Capitalism Socialism Communism Gross Domestic
Product Gross National Product Business Cycle Copyright Texas
Education Agency, 2014. All rights reserved
- Slide 5
- An economy, or economic system is the way a nation makes
economic choices with using its resources Copyright Texas Education
Agency, 2014. All rights reserved
- Slide 6
- All the things used in producing goods and services (factors of
production-land, labor, capital, and entrepreneurship) Copyright
Texas Education Agency, 2014. All rights reserved
- Slide 7
- Nations have unlimited wants and needs, but only limited
resources to meet them. The difference is scarcity, which forces
nations, businesses and people to make economic choices. Copyright
Texas Education Agency, 2014. All rights reserved
- Slide 8
- What goods and services should be produced? How should the
goods and services be produced? For whom should the goods and
services be produced? Copyright Texas Education Agency, 2014. All
rights reserved
- Slide 9
- No economy can be called purely market or purely command.
Elements of both systems can be found in all economies, making all
economies mixed. Copyright Texas Education Agency, 2014. All rights
reserved
- Slide 10
- The goal of all economies is to increase productivity, decrease
unemployment and maintain stable prices Copyright Texas Education
Agency, 2014. All rights reserved
- Slide 11
- In a pure market economy, there is no government involvement in
economic decisions. The government lets the market answer the three
economic questions. Copyright Texas Education Agency, 2014. All
rights reserved
- Slide 12
- In a command economy the government answers the three basic
economic questions. Copyright Texas Education Agency, 2014. All
rights reserved
- Slide 13
- The U.S. economy is a mixed economy. The most meaningful
economic classification is based on how much government interferes
with the free market. The following three philosophies have shaped
world economies: Copyright Texas Education Agency, 2014. All rights
reserved
- Slide 14
- The economic system most frequently associated with democracy
Characterized by private ownership of businesses and marketplace
competition Copyright Texas Education Agency, 2014. All rights
reserved
- Slide 15
- Most have democratic political institutions. In socialist
countries, the government tries to reduce the differences between
rich and poor. Copyright Texas Education Agency, 2014. All rights
reserved
- Slide 16
- Key industries are run by the government (to keep prices low
and providing employment Have more social services to ensure
certain standard of living for all Copyright Texas Education
Agency, 2014. All rights reserved
- Slide 17
- Totalitarian form of government Govt runs everything-one
political party Today-few totally communist countries in world
Copyright Texas Education Agency, 2014. All rights reserved
- Slide 18
- Productivity-output per worker hour. Business can increase
productivity by investments in equipment or facilities, additional
training or financial incentives. Also can reduce work
force-increase responsibilities of remaining workers. Copyright
Texas Education Agency, 2014. All rights reserved
- Slide 19
- Gross Domestic Product-measure of goods and services produced
using labor and property located in this country Gross National
Product-everything produced by U.S. citizens here or abroad. Most
nations now use GDP as their principal measure of productivity
Copyright Texas Education Agency, 2014. All rights reserved
- Slide 20
- Standard of Living-measurement of amount of goods and services
a nations people have. To calculate- divide the GDP by population.
Copyright Texas Education Agency, 2014. All rights reserved
- Slide 21
- Inflation Rate-refers to rising prices. Controlling inflation
is one of governments major goals. One measure of inflation is the
consumer price index. It measure change in price over time of some
400 specific goods and services used by the average urban household
Copyright Texas Education Agency, 2014. All rights reserved
- Slide 22
- Unemployment Rate-The higher the unemployment rate, the greater
the chances of an economic slowdown Copyright Texas Education
Agency, 2014. All rights reserved
- Slide 23
- Recurring changes in growth and slowdown of an economy is
called the business cycle (prosperity, recession, depression,
recovery) Cycles are affected by actions of businesses, consumers
and the government and vice versa. Copyright Texas Education
Agency, 2014. All rights reserved