Unit 4 Introduction
Completion requirements
Unit 4 Introduction
When you spend money in your community, you are participating in the economy. The interaction of buying and selling goods and services is the basis of any economy.
Economics is the study of how economies work. It is an analysis of the production, distribution, and consumption of goods and services.
In Canada, as well as in any nation, when the economy is doing well, Canadians do well. People have jobs, they spend money, and they keep the economy going. They have a good quality of life. When the economy is suffering, everyone suffers.
An economic system is the way that a society organizes organizes the production, distribution, and consumption of goods and services. Canada and the United States have the two most common systems:
Consumers have a role in the economy as well. Consumer buying and selling impacts the economy. The economic theory of consumerism says that the more people buy, the better the economy. The decisions consumers make have an impact on their quality of life, citizenship, and identity.
Economics is the study of how economies work. It is an analysis of the production, distribution, and consumption of goods and services.
In Canada, as well as in any nation, when the economy is doing well, Canadians do well. People have jobs, they spend money, and they keep the economy going. They have a good quality of life. When the economy is suffering, everyone suffers.
An economic system is the way that a society organizes organizes the production, distribution, and consumption of goods and services. Canada and the United States have the two most common systems:
- Canada traditionally has been considered a mixed economy.
- United States traditionally has been considered a market economy.
Consumers have a role in the economy as well. Consumer buying and selling impacts the economy. The economic theory of consumerism says that the more people buy, the better the economy. The decisions consumers make have an impact on their quality of life, citizenship, and identity.
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In Unit 4, you begin your investigation into the economic systems of Canada and the United States. You will examine how the two systems are different and yet similar, the values that shape the two economic systems, and the role that consumers
have in the economy.
Examine the following focus question:
You are required to complete all activities and assignments in the module. Save all your materials, journal responses, and inquiry and section activities to your Activities folder. Completed assignments will be submitted for marking.
As you work through the sections, you will be developing the resources to complete the Unit 4 Quiz.
Unit 4 Quiz
At the conclusion of Unit 4, you will complete a quiz to demonstrate your understanding of the material learned in this unit. The unit quiz has multiple-choice questions.
Examine the following focus question:
How do economic decisions made in Canada and the United States impact my quality of life, citizenship, and identity?
- Section 1: Market and Mixed Economies
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Section 2: Consumerism and Quality of Life
- an Inquiry Activity
- activities
- assignments
You are required to complete all activities and assignments in the module. Save all your materials, journal responses, and inquiry and section activities to your Activities folder. Completed assignments will be submitted for marking.
As you work through the sections, you will be developing the resources to complete the Unit 4 Quiz.
Unit 4 Quiz
At the conclusion of Unit 4, you will complete a quiz to demonstrate your understanding of the material learned in this unit. The unit quiz has multiple-choice questions.