Warm-Up Topic N:

1
46
Warm-Up Topic N How would life be
different if money did not exist? Write the
topic and the answer (top of the
page)! ----------------------------------------
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----------------
2

• MARKET
• business owners compete take care of themselves
• not much government interference
• also called free enterprise system
• USA has this

• TRADITIONAL
• trade or barter
• most primitive1st type of economy
• undeveloped countries may use this

• COMMAND
• government makes business decisions
• usually found in countries with tyrannies for
  governments
• communism socialism are forms
• China has this

3

• MARKET
• business owners compete take care of themselves
• not much government interference
• also called free enterprise system
• USA has this

• TRADITIONAL
• trade or barter
• most primitive1st type of economy
• undeveloped countries may use this

• COMMAND
• government makes business decisions
• usually found in countries with tyrannies for
  governments
• communism socialism are forms
• China has this

4

• MARKET
• business owners compete take care of themselves
• not much government interference
• also called free enterprise system
• USA has this

• TRADITIONAL
• trade or barter
• most primitive1st type of economy
• undeveloped countries may use this

• COMMAND
• government makes business decisions
• usually found in countries with tyrannies for
  governments
• communism socialism are forms
• China has this

5

• MARKET
• business owners compete take care of themselves
• not much government interference
• also called free enterprise system
• USA has this

• TRADITIONAL
• trade or barter
• most primitive1st type of economy
• undeveloped countries may use this

• COMMAND
• government makes business decisions
• usually found in countries with tyrannies for
  governments
• communism socialism are forms
• China has this

6
46
I need vs. I want. Write down five things
that you need and five things that you
want. --------------------------------------------
--------------------------------------------------
------------
Need something basic that you must have to
survive (examples food, water, shelter) Want
the way that you communicate a need (example you
need shelter, but you want a mansion)