Project:
Economic Systems
1. Describe an organization that exists in each
of the sectors of our economy (including ag, extractive industry,
manufacturing industry, service, high tech.) It may be a business,
government organization, or a public service organization (churches, etc.).
2. If you have experience from dealing with or working
with any of these organizations, describe what it was like.
3. We have discussed three economic systems
that have developed over time:
a. pure capitalism (Smith)
b. socialism (may also be thought of as that
sector of the economy that has monopolies and/or state owned businesses)
(Marx)
c. state capitalism (may be thought of as
that sector of the economy that is highly regulated) (Keynes)
Give examples of businesses or organizations that operate
in each of these types of systems.
Preferably they would exist in the modern day US, but
historic examples are allowable.
4. In which types of economic systems do the sectors
of the economy exist?
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