Globalization Lesson

Globalization Lesson

Travis Thorpe​

By Travis Thorpe

Globalization

By the end of this lesson you will be able to define globalization, describe the causes of globalization and explain the effects of cultural diffusion and globalization on societies.

Multiple Choice

What is globalization?

• The worldwide coming together of nations and countries

• The process of immigrating to a new country

• Creating local market to support small business owners

• It is the increase in nationalism and isonlationism

Multiple Choice

What are some of the negative effects of globalization?

• All of these

• The environment can suffer from additional pollution

• People in industrialized countries might lose their jobs

• People in developing countries remain poor and without insurance

Multiple Select

What are two issues that can occur when globalizing?

• Interdependence

• Economic Growth

• Inequitable Distribution

• Technological Advancment

Multiple Choice

How do globalization and climate change relate to one another?

• Increased pollution in the air from travel, shipping, and more adds to the effects of greenhouse gasses

• Decreased pollution helps to minimize the effects of greenhouse gasses

• The use of renewable energy since globalization began has made globalization carbon neutral

• They do not relate to one another

Multiple Choice

What are the four FACTORS OF PRODUCTION?

• Primary, Secondary, Tertiary, and Quarternary

• Capitalists, Socialists, Anarchists, and Fascists

• Land, Labor, Capital, and Entrepreneurship

• Input, Output, Scarcity, and Profit

Multiple Choice

What is a Economic system?

• An Economic system is a system of games in a country.

• An economic system describes how a country’s economy is organized.

• An economic system describes how much weapons a country has.

Economic Systems

• An economic system describes how a country’s economy is organized. because of the problem of scarcity, every country needs a system to determine how to use its productive resources.

• An economic system must answer three (3) basic questions…

• WHAT TO PRODUCE?  What kinds of goods and services should be produced?

• HOW TO PRODUCE?  What productive resources are used to produce goods and services?

• FOR WHOM TO PRODUCE?  Who gets to have the goods and services?

Four Types of Economic Systems:

• 1. Traditional Economy

• 2. Command Economy

• 3. Market Economy

• 4. Mixed Economy (Market + Command)

Traditional Economy

• an economic system in which economic decisions are based on customs and beliefs.

• People will make what they always have made and will do the same work their parents did.

• exchange of goods is done through bartering (trading without using money)

• 
  

Command System

• government makes all economic decisions & owns most of the property.

• governmental planning groups determine such things as the prices of goods/services & the wages of workers

• This system has not been very successful & more and more countries are abandoning it.

  
  

Market Economy

• an economic system in which economic decisions are guided by the changes in prices that occur as individual buyers and sellers interact in the market place.

• most of the resources are owned by private citizens.

• economic decisions are based on free enterprise (competition between companies.)

Mixed Economy

• Market + Command = Mixed There are no pure command or market economies.

• To some degree, all modern economies exhibit characteristics of both systems and are often referred to as mixed economies.

• Most economies are closer to one type of economic system than another.

Multiple Select

Click the four type of Economic systems?

• Market

• Mixed

• Command

• Traditional

• marcommand.

Multiple Choice

which country in the world has the closest market economy?

• North Korea

• The United States

• Brazil

• Germany

Primary sector 

Nature oriented, very little human effort. 

Examples- agriculture, fishing.

Secondary sector 

• Engaged in transforming raw material into finished products.

• with the help of machine and manpower. 

•  E.g. Car manufacturing Industry.

Tertiary Sector

• Tertiary industries are those that provide a service.

• E.g. Hotels,  Retail, Air hostess etc