Critical Thinking Questions

How do your financial choices impact the economy? Trace the impact of your financial decisions. The choices I make impact the economy by; if I choose to work some people would get welfare and then if I choose not to then those people

Capitalism is the ideology of a market economy, where most production and forms of the economic system were privately owned. There was an idea of liberty and freedom that went along with the ideologies of capitalism which sent rushes of fear to the possibility of what the U.S.'s understanding was of the absolute

The term capitalism is an economic system where the people in the capitalistic economy own and operate the majority of businesses. A capitalistic economy uses the method of laissez-faire, which derives from Adam Smith, and means that there is a limited role of the government in the economy (Pride 14).

1. The financial choices we make impact our economy. Think of a recent item you purchased. What factors influenced your decision in making this purchase? Did this purchase impact your local economy? Explain why or why not.

1. They hired more broads than men. They hired more women than men. 2. He used to hire micks around here.

When they would question his particular statement then it would be not able to answer them in the way that he wanted too. When looking through there he was seeing different things for explaining particular things. There are things they’re not understanding what is happening, looking for more things. He was looking through people vehicles in different ways. He was getting questioned through other human population, he is not understanding the other ways of how the community works. When the police question him they were stating that there was a man in the park being questionable. There was a man with a gloomy look on his face, he was seeing the world of light through his head. The community is having different things to stay and having more than different things to feel and what to do with their mind to make sure that there not having prospection of what is this going on and how is he doing it with

Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market. Capitalism might not be a perfect system, but it is not that evil. There is evidence proven that capitalism has helped the U.S. become the wealthiest nation. The primary concept of capitalism is totally devoted to the creation

The basic principles of contempary socialism have their origin in the economic, social and cultural transformations of Europe which occurred during the 18th and 19th centuries. Contributing factors were the Industrial Revolution and the rise of the bourgeois’ and proletarian classes, the enlightenment’s secular and rationalistic view of men and society, and the democratic demands of the French Revolution.

By definition, Capitalism is an economic system controlled chiefly by individuals and private companies instead of by the government. In this system, individuals and companies own and direct most of the resources used to produce goods and services, including land and other natural resources labor, and "capital". "Capital" includes factories and equipment and sometimes the money used in businesses (Friedman, 5).

1. Explain what is meant by “there was a time when you could work on your car”.

When I look at this questionnaire I see questions that can really tell you about a person and what they believe in. When the questions came up that I was unsure I looked to my faith. My family and my friends have helped me to grow not only in my faith but also as a person. One of the three highest scores I got was discovering your God given talents and I have noticed that I am looking and recognizing my talents that I was blessed with. I’m also trying to use the gifts to the best of my potential. I believe that God blessed me with the talent to become a teacher so I am studying to get my degree in education so that I may use my talent to teach students. The second highest score I received was the service which is being concerned for my community and taking action and I do think that I try to be concerned with any community that I may be living in that may mean when I’m in Salina living there for college or when I’m back home in Downs trying to make each of the communities to be a better place that may be helping or participating at a community event that may be taking place at

Capitalism can be defined as a political and economic system where private owners control industries and trades to make profit. Capitalism leads to economic growth because it is efficient. Capital businesses have incentives to be efficient and produce goods in high demand for the public. These incentives end up cutting costs for consumers. State owned businesses are not as efficient, keeping surplus workers and having fewer incentives for innovation. When businesses work harder to be innovative, it catalyzes economic expansion. Economic expansion increases GDP and, in theory, is supposed to improve living standards. In capitalism, the market determines prices rather than the government, which leads to economic growth. Private property rights allow for anyone to produce items and services to sell in the market. Capitalism allows for economic growth because fast growing economies produce more jobs and more wealth. Capitalism envourages

Accordingly, one idea or fact that is often raised to differentiate socialism from communism is that socialism in general is the political movement that refers to an economic system in that they believe that the state should be in charge of all important producing industries thus taking hold of the control of free market in order to promote economic parity and egalitarianism. Theoretically, socialism seeks to distribute wealth equally among its citizens in a way that the rich don’t take

Capitalism is an economic system where because businesses are privately owned, supply and demand is created and drives growth. Free enterprise is an economic system where few restrictions are placed on a business by the government. Capitalism bloomed after World War Two due to these factors: the distrust of the government built on the Great Depression; the industrial development during the war; and the fact that the strict rations were lifted. Businesses were encouraged to grow, as well as individuals to gain more money across the socio-economic spectrum resulting in an increased GI, GDP and

A barter practice is a habit of exchanging goods and services. This practice has been in practice from a long before money was made up. People used to trade goods and services for other