Comparing the Economies of the UK, Germany and 比较英国、德国和德国的经济.pptVIP

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Comparing the Economies of the UK, Germany and 比较英国、德国和德国的经济.ppt

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Good Morning 12-5-11 SPONGE Out of the following countries, which do you think has the strongest economy? Explain.UK, Germany, Russia Write down your EQ and Homework for today.Take out your handout on the 4 economies Comparing the Economies of the UK, Germany and Russia United Kingdom Private citizens and corporations: Own businesses and farms Decide what to produce and how much to produce Decide how goods and services will be produced Decides distribution methods and prices for goods and services United Kingdom Buyers and sellers decide prices for goods and services based on supply and demand. Supply: the amount of goods available to people Demand: the desire for a product If something is in high demand, companies can sell it for a higher price. United Kingdom Laws and a good court system protect people’s property rights It is very easy to start your own business The economic system in the UK is more like a ___________________. Command economic system Traditional economic system Market economic system Unitary economic system Germany Private citizens and corporations own businesses and farms Germany Private citizens and corporations with gov’t regulations: Decide what to produce and how much to produce Decide how goods and services will be produced Decides distribution methods and prices for goods and services Germany Private citizens and corporations decide prices for goods and services with some gov’t regulations Laws and a good court system protect people’s property rights It is very easy to start your own business in Germany In Germany, private citizens answer most of the economic questions with ______________. Some government influence No government influence All government influence Russia The government owns some large industries (oil, natural gas, aerospace, etc) Private citizens are allowed to own businesses in other areas Russia Private citizens with heavy government regulations: Decide what to produce and how much to produce Decide how goo