The Creation and Distribution... • Study of how society chooses to employ resources to produce goods & services and distribute them among competing groups/individuals • Micro v... $ W
Trang 1The Creation and Distribution
Trang 2• Study of how society chooses to
employ resources to produce
goods & services and distribute
them among competing
groups/individuals
• Micro v Macro
• Resource Development
Trang 3$ What is the method of output
distribution?
$ What is the rate of economic
growth?
Trang 8S
Trang 9D
Trang 11Perfect Competition
Trang 12*
Buyer Sellers
Trang 13*
*
Monopolistic Competition:
Many Sellers With
Many Sellers With Perceived Perceived Differences
Trang 16*
• Inequality of Wealth- Causes
National & World Tension
• Greed Compromises Ethics
• Limitations Push Country
towards Socialism =
Government Regulation
Trang 19*
• Private & Public Ownership
• Creates Social Equality
• Reduces Individual Incentive
- Brain Drain
Trang 23*
Trang 24*
• Price Indexes
• Consumer Price Index (CPI)
• Producer Price Index (PPI)
Trang 25*
*
U.S Gross Domestic Product
In Billions of U.S $
Trang 27*
Trang 29*
1982-84 = 100
Trang 32*
Trang 33• Pension & Health care costs
• The Federal Deficit
• High Energy and Commodity Costs
• Balance of payments
• Terrorism
Trang 35*
* Rising U.S Trade Deficit
Trang 37• National Debt Clock- http://
What is the National Debt?