Economy

what is a Limited Government?

Who has a Limited Government?

What is the difference from an Unlimited Government?

the Government power is limited usually by a constitution.

the people have the POWER!!!! muhahahaha.... with some restrictions. i.e. Laws

Example of Limited Government is where the People get to vote for who they want in office

what is an Unlimited Government

Who has an Unlimited Government

An Unlimited Government is where the STATE has all the POWER

The country is either under a dictatorship or under military rule

There are NO Individual rights for the people

what is the importance of economy?

Does the Government benefit, or help the economy?

Are there different types of economy?

Which one is more beneficial?

F = Freedom

R = Resources

E = Economic Development

E = Economic Activities

E = Exchanged goods

N = Nations

T = Traditional

E = Elections

R = Responsible

P = Profit

R = Regulations

I = Innovated

S = Systems

E = Entrepreneurship

What kind of economic system is this?

Who benefits

How does the Government play a role?

Ownership-The government owns all basic resources .... everything else is privately owned.

Distribution- the government distributes the basic needs.... and private companies/ markets sell everything else

Role- Government makes all the decisions

this kind of economics the government controls things like electricity, communication network, and health care.

ownership- Government

Distribution- Government decides how the goods are used

Role- Makes all decisions

Ownership- Individuals and Businesses own a factor of the product, central Government can't tell them what to do.

Ownership- Everyone

free to exchange goods and services and to choose careers.

free to own businesses with little government invention.