CONVENTIONAL ECONOMIC SYSTEMS

Which software that Madam Farrah use to deliver her week 3 lecture

• Active Presenter

• Screencast

• Boom

• Loom

What kind of method of Madam Farrah use to deliver the content for week 3?

• Voice over and slide share with explanation

• The camera on and slide share with explanation

• Give a youtube link of other people delivering the content

• Just share the slides & student read by their on

This week covers on?

• Capitalism, Socialism, and Mixed Method Economy System

• Islamic Economy System

• Malaysia Economy System

• Capitalism Economic System

What is the definition of the economic system?

• organized exchange of a commodity between buyer & seller within a specific geographic area

• a way of organizing the relationship among individuals, firms, and government agencies on how to make choices when confronted with the basic economic question

• act as a balance wheel in the market mechanism

• the desire of buyers to purchase a certain quantity of goods due to the ability and willingness to purchase at a particular price in a given period

Which types of Economic System that called as Centrally Planned Economy?

• Capitalism

• Socialism

• Mixed Economy

• Islamic Economy

In my country, business is based on competition. Success comes from doing something better and cheaper than your competitors.

• Capitalism

• Socialism

• Mixed Economy

• Islamic Economy

In my country, central planners decide when we should expand old factories and build new ones.

• Capitalism

• Socialism

• Mixed Economy

• Islamic Economy

In my country, I know that all my needs will be met, but not my wants.

• Capitalism

• Socialism

• Mixed Economy

• Islamic Economy

In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages.

• Capitalism

• Socialism

• Mixed Economy

• Islamic Economy

In my country, profits are the incentives for production. Multiple answer

• Capitalism

• Socialism

• Mixed Economy

• Islamic Economy