Wordwall Games Instruction for use • • • • Presentation to be used in “Normal View”. “Mixed Up Slide” to be reorganised. Click & drag on what you want to move. Check answer on “Solution Slide”. M I X E D John Maynard Keynes Adam Smith The general theory of employment, interest & money Karl Marx The wealth of nations Das Capital U p Keynesian Cannons of taxation Government intervention (fiscal policy) Inv < Saving = leakage Laissez-faire Centrally Planned economy Classical Economist Socialism 4. Public Ownership of FOP Liquidity preference theory The multiplier Pursuit of self interest Mixed economy Division of labour 2. Two tiered society 3. Social revolution 1. Unequal distribution of wealth Free enterprise economy S O L U T I O N Adam Smith The wealth of nations Classical Economist Cannons of taxation Karl Marx Das Capital John Maynard Keynes The general theory of employment, interest & money Socialist Unequal distribution of wealth Keynesian The multiplier Division of labour Two tiered society Liquidity preference theory Pursuit of self interest Social revolution Inv < Saving = leakage Laissez-faire Public Ownership of FOP Free enterprise economy Centrally Planned economy Government intervention (fiscal policy) Mixed economy Karl Marx The wealth of nations Keynesian Centrally Planned Government control Economic Systems Free/Private Enterprise Market mechanism Common good Profit motive Communism Public ownership Capitalism Nationalisation Laissez Faire Private ownership Mixed Economy Elements of centrally planned & private enterprise Social Partnership Semi- state bodies & Gov, IBEC, ICTU, IFA….. private enterprise Economic Systems Mixed Economy Elements of centrally planned & private enterprise Social Partnership Semi- state bodies & Gov, IBEC, ICTU, IFA….. private enterprise