Market Economy

Market Economy

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  • 1.
  • Producers are free to decide what to make, and  consumers are free to buy whatever they need or want.
  • 2.
  • 3.
  • The government get's about 20% of tax money from citizens that is used for programs like Education and Health.
  • This is a chef. When he gets paid, some of his money goes to the government. This is called taxes.
  • The government collects the tax money from the chef and gives it to programs like health.
  • The program receives the tax money and uses it for things like equipment.
  • The market economy impacts the goods and services that people use by the amount of taxes that they give to the government
  • David works as a cook at McDonald's and gets $10 per hour. He usually works a ten hour shift everyday, so that means that in one day he earns $100. In one week, he would earn $700. Then that's when the taxes comes in. How much does David earn when when the taxes is included?
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