If I choose to live in Wilmington it would be nice weather and at the beach but there would be hurricanes that could damage my possessions, if I decide to live in Cary I would not be at the beach but I would be protected from storm weather such as hurricanes.

How to decide if I should get a job or go to college My choices are to go and get a job or go to college. If I get a job I can go ahead and start making money to

support myself but I wont get paid as much as if I were to take the time to go to college

I think that I will go to college I am taking 4 years of my life to off to get my degree I am happy with my decision because I make a lot

more money than I could have without college.

I must decide whether to drive or fly to Florida. I can either drive my car or take the airplane If I drive it will probably be cheaper but it will be

much longer to get there. Flying will get me there very quickly but is also more expensive.

I think I will fly there I pay the money and get there in no time. I am happy with my decision because money was

not an issue for me, and I did not have to drive for 12 hours straight.

In a command economy, the resources are owned and controlled by the government.

Saudi Arabia is an example of a command economy

Advantage-You cant really make any mistakes with your resources

Disadvantage- You get no control over your resources

In a market economy, the resources are owned and controlled by the people of the country

Mexico has a market economy Advantage-You control your own resources Disadvantage-Everyone might not agree

with decisions that are made

Capitalism refers to the private ownership of resources by individual, rather than by government.

The United States is an example of capitalism

Advantage-Freedom of production and consumption

Disadvantage- Individuals could make some wrong decisions and get themselves in debt.

A communist economy includes limited choices and supply of consumer goods.

China has had a communist economy but is now trying to come out of it

Advantage-Direct resources toward economic growth

Disadvantage-No Freedom