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Democracy and �Free Enterprise

Chapter 5, Section 4

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The US Government

  • The US Government is based upon a written constitution.

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  • Changes are added by amendments.
    • There have been 27 amendments.

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The US Government

  • The Government is a representative democracy.
    • Another term for this is a republic.

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  • There are 3 branches – judicial, executive, legislative.

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The US Government

  • Because of their experiences under British rule, they created a system of checks and balances.
    • Each branch has the ability to limit the other two branches.

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The US Economy

  • The US economy is based upon Free Enterprise.

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  • It is called a Market Economy.
    • Individuals and business make their own choices about what to buy and sell.

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The US Economy

  • The US produces more goods and services than any other country.

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  • The service industry accounts for 78% of the money earned.
  • 21% is manufacturing, and 1% is agriculture.

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The US Economy

  • The government plays an important role by promoting safety, fights unfair business practices, and provides infrastructure.

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The US Economy

  • One of the biggest changes has been in a global economy.

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  • It imports and exports with other countries.

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The US Economy

  • Multinational corporations have their factories in locations where resources and labor are cheap, and their headquarters in another country.

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Homework

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  • Read P. 147-150

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  • Answer #3-7

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  • Bring books tomorrow

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