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CHAPTER 13 The Economy and Politics

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CHAPTER 13 The Economy and Politics Section 1: The Economic Institution Section 2: The Political Institution Objectives: Compare and contrast the characteristics of ... – PowerPoint PPT presentation

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Title: CHAPTER 13 The Economy and Politics


1
CHAPTER 13 The Economy and Politics
  • Section 1 The Economic Institution
  • Section 2 The Political Institution

2
Objectives
Section 1 The Economic Institution
  • Compare and contrast the characteristics of the
    capitalist and the social economic systems.
  • Discuss developments that have transformed the
    American economic system.

3
Economic Models of Capitalism and Socialism
Section 1 The Economic Institution
  • CAPITALISM
  • Factors of production are owned by individuals
  • Forces of profit and competition regulate
    economic activity
  • Minimal government interference

4
Economic Models of Capitalism and Socialism
Section 1 The Economic Institution
(continued)
  • SOCIALISM
  • Factors of production are owned by the government
  • Economic activity regulated by the government
  • Pure form is communism

5
Economic Models of Capitalism and Socialism
Section 1 The Economic Institution
(continued)
  • BOTH
  • Exist in industrial and postindustrial societies
  • Pure forms are ideal types

6
The American Economy
Section 1 The Economic Institution
  • Rise of Corporate Capitalism has changed the
    relationship between business ownership and
    control
  • Economic Globalization many of the large
    corporations are also multinational
  • The Changing Nature of Work shift from an
    industrial base to a service base due, in part,
    to technology
  • E-Commerce business conducted over the
    internet, which is based on information

7
Objectives
Section 2 The Political Institution
  • Explain how the exercise of power varies by type
    of government
  • Describe the major characteristics of the U.S.
    political system.

8
The Exercise Of Power
Section 2 The Political Institution
  • Traditional authority power that is based on
    long-standing custom
  • Rational-Legal based on formal rules and
    regulations
  • Charismatic based on a leaders charisma

9
The U.S. Political System
Section 2 The Political Institution
  • Dominated by two major political parties
    Democrats and Republicans
  • Includes interest groups and PACs, which help
    groups with minority views influence government
    decisions
  • Has proportional representation, but debate
    exists over who holds power

10
The U.S. Political System
Section 2 The Political Institution
(continued)
  • Consists of three branches of the government
    the executive, legislative, and judicial
  • Includes public participation, although voter
    participation varies and is relatively low overall
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