Topics for Final Test III Trimester

Topics for Final Test:

1. Capitalism vs. Communism


2. Sectors of  Industry


3. Critical Thinking



4. Bring dictionary



5. Essay questions

Rubric Business Speech

                                                                                                                       

DIRECCIÓN NACIONAL DE EDUCACIÓN PARTICULAR

DIRECCIÓN REGIONAL DE HERRERA

SOYUZ BILINGUAL SCHOOL-CHITRÉ

SPEECH RUBRIC FINAL PRESENTATION

12TH GRADE

III  TRIMESTER

Speaker’s name: ______________________________________

Prof. Ms. Adriana Gómez

Criterion	Rating  5 Exceptional	Rating 4 Good	Rating 3 Satisfactory	Rating  2 Inconsistent	Rating 1 Unsatisfactory
	Points 10-9	Points 9-8	Points 8-7	Points 7-6	Points 5-1
Punctuality and responsibility
Main Points are clear, well presented.
Student answers ALL questions on the project easily and clearly
Confidence, personal presentation, and body language
Voice is clear and loud enough for audience to hear
Creativity and delivery of speech.
Use of Language: Effective English grammar and pronunciation
Visual Aids

TOTAL POINTS     /80

Capitalism vs. Communism

Capitalism and socialism are somewhat opposing schools of thought in economics. The central arguments in the socialism/capitalism debate are about economic equality and the role of government: socialists believe economic inequality is bad for society and the government is responsible for reducing it via programs that benefit the poor. e.g. free public education, free or subsidized healthcare, social security for the elderly, higher taxes on the rich. On the other hand, capitalists believe that government does not use economic resources as efficiently as private enterprise and therefore society is better off with the free market determining economic winners and losers.  This lack of government involvement in the economy is called “laissez faire” (literally “let it be”)

The U.S. is widely considered the defender of capitalism and large parts of Scandinavia and Western Europe are socialist democracies. However, the truth is every developed country has some programs that are socialist.

Capitalism:

At its root, capitalism is an economic system based on three things: wage labor (working for a wage), private ownership of the means of production (things like factories, machinery, farms, and offices), and production for exchange and profit (you pay for what you get).  While some people own means of production, or capital, most of us don't and so to survive we need to sell our ability to work in return for a wage.

In terms of government involvement in the economy, capitalists believe in the principle of “Laissez-faire economics, which means to "let it be".  Therefore, capitalism is opposed to government intervention in economics because capitalists believe it is inefficient.  Rather, a free market produces the best economic outcome for society. Govt. should not pick winners and losers.

Influential Leader:  Adam Smith is often identified as the father of modern capitalism.  In his book, Wealth of Nations, he discusses the importance of division of labor and free trade, the limits on government intervention, all signify the moment when economics transitions to the “modern.”

Socialism

Socialism is an economic system where the means of production, such as money and other forms of capital, are owned by the state (the government) or public. Under a socialist system, everyone works for wealth that is, in turn, distributed to everyone. Under capitalism, you work for your own wealth. A socialist economic system operates on the premise that what is good for one is good for all. Everyone works for their own good and the good of everyone else. The government decides how wealth is distributed among the people.

In a socialist economy, the government provides for the people. The taxes are usually higher than in a capitalist system. There may be government-run health care and a complete system of government-operated education. It is a misconception that people do not pay for these services. They do pay for them through higher taxes. Socialist systems emphasize equal distribution of wealth among the people.

Communism

In a way, communism is an extreme form of socialism. Many countries have dominant socialist political parties but very few are truly communist.  The key differences between socialism and communism are due to the fact that socialism is simply an economic system, while communism is both a political/governmental system and an economic system.  The second main difference between socialism and communism is that within communism the distribution of goods and services takes place according to the individuals needs, while in a socialist system, goods and services are distributed based on individual efforts (e.g. paying taxes).  Finally, within a socialist system, capitalism CAN exist (e.g. privately owned companies), while in a communist system capitalism CANNOT exist. 

Influential Leader in the development of Socialist and Communist theory: 

German economist, philosopher, and revolutionist, and one of the most original and influential thinkers of modern times, Karl Marx produced much of the theory of modern socialism and communism.  In his publication the Communist Manifesto, Marx declared that all history was the history of class struggles. Under capitalism, the struggle between the working class and the business class would end in a new society, a communist one. 

Transition of Socialist Economies

socialist-economies-in-transit.pdf

Russia Timeline

Capitalism vs. Communism

Communist Russia


Rich in Rusia documentary

Video Rich in Russia

Business Plan

BUSINESS PLAN



Design a business plan for you and three classmates. Answer the following questions

1.    What Business Am I In

2.    Your Target Market,

3.    Pricing

4.    Store Front and Layout, and

5.    Advertising.

BUSINESS PLAN QUESTIONS

Use the following questions to make decision about a business idea of your choice. Be sure to write out your answers...to remember your decisions and build on them.

1.    How can you describe the business...in only one paragraph please?

2.    What is your product, or service?

3.    Who will buy it?

4.    Where should you locate the business?

5.    How can you attract customers?

6.    What is your competition?

7.    How much should you charge for the products or service?

8.    What advice do you need and who can provide it?

9.    How will you organize the managers and/or workers of the business?

10.How will you split the profits? Who is responsible for the losses?

11.What should you consider to be able to produce the product and get it to the customer?

12.How much money is needed to get the business started?

13.How many customers will you have per month and how much will they buy per month?

14.How much does it cost to make the product or provide the service?

15.What are your operating costs? (Include your own salary)

16.How much money will your business earn each month by selling your product or service?

17.How much investment will you need to keep the business going until you make a profit?

18.What is your potential profit per year for Year I, Year II, and Year III?

19.How much money do you need to borrow to start this business?

20.How will you make the business grow in the future?

Ideas for Starters

You might want to think about some of the following types of business to get your business plan "thinking processes" moving:

• Lemonade stand
• Refreshment stand at local games
• Child care
• Hot dog stand
• Yard care
• Developing a web page for others
• Youth community center
• Shopping service for seniors
• Pet sitting
• Delivery services
• House cleaning service
• Janitorial services for local businesses
• Selling used clothes
• Jewelry making
• Catalog sales
• Temporaries agency
• Computer service business
• Travel services
• Musical group
• Repair services (shoes, electrical equipment, cars, clothing, etc.)

QUESTIONS FOR CREATIVE THINKING

Use some of the following questions to guide your thinking about starting a business:

A. What kind of business would you start if you and two classmates had access to a loan for $10, 000?

B. What kind of business could you start if you want to do business with another country?

C. How could you start a business and then later make it into your own franchising business for purposes of expansion?

Dragons Den

The Dragons are Entrepeneurs who have made millions and have a lot of experience


Dragons Den  watch the video