Ch 6: MEGA Marketing: Market System Economics & Politics

About This Chapter

Are you getting ready for the MEGA Marketing exam? If so, utilize this chapter. It will help you review important materials concerning market system economics and politics.

MEGA Marketing: Market System Economics & Politics - Chapter Summary

Using the lessons in this chapter, you have the chance to explore more details about the market system. You will also cover these topics:

  • The free market and capitalism
  • Socialism, communism and mixed economies
  • Free market competition
  • Promoting economies by governments
  • Taxes and subsidies used by the government
  • Protecting the U.S. economy
  • Fiscal policy
  • The Federal Reserve System and monetary policy

You can utilize these lessons to discover what's going to be covered on the exam you are about to take. Through self-assessment quizzes, you will know if all of the important information is sticking.

MEGA Marketing: Market System Economics & Politics Chapter Objectives

The MEGA Marketing exam was put together to help you acquire a certification as a Missouri teacher. Materials covered in this chapter are part of the core marketing principles section, which makes up 36% of the entire exam. Getting ready for this exam, which has multiple-choice questions, is made easy when you utilize the resources we have put together. They are interactive, helping you learn in a fun manner.

11 Lessons in Chapter 6: MEGA Marketing: Market System Economics & Politics
Test your knowledge with a 30-question chapter practice test
The Market System in Economics: Definition, Characteristics & Advantages

1. The Market System in Economics: Definition, Characteristics & Advantages

There are areas of the world where the government controls everything. Others give the people freedom to choose. The type of economy is a major part of how a society runs. This lesson discusses a market economy and how it functions.

Capitalism and the Free Market: Definition & Limitations

2. Capitalism and the Free Market: Definition & Limitations

Capitalism is an economic system that has played a dominant part in building the world in which we currently live. In this lesson, you'll learn about some key concepts of capitalism, as well as its limitations.

Competition Within Free Markets: Types & Summary

3. Competition Within Free Markets: Types & Summary

We live in a free market economy, but that doesn't mean there is always free competition. In this lesson, you'll learn about perfectly competitive markets, monopolies, monopolistic markets and oligopolies.

Understanding Socialism, Communism, and Mixed Economies: Comparison & Analysis

4. Understanding Socialism, Communism, and Mixed Economies: Comparison & Analysis

Socialism and communism are alternative economic systems to capitalism. In this lesson, you'll learn some of the key concepts behind these economic systems. You'll also learn about mixed economic systems.

Market vs. State-Controlled Economies

5. Market vs. State-Controlled Economies

This lesson will highlight the differences between a market and a command economy. In doing so, it will explain communism, as well as the concept of a mixed market economy.

How the Government Promotes Economic Interests

6. How the Government Promotes Economic Interests

The following lesson will cover how the government promotes its economic interests through businesses, labor, and agriculture. There will be a short quiz following the lesson to check your understanding.

How the Government Protects the U.S. Economy

7. How the Government Protects the U.S. Economy

The following lesson will cover the ways in which the government protects the U.S. economy and ensures stable economic growth. A short quiz will follow the lesson to check for your understanding.

How the Government Uses Taxes & Subsidies

8. How the Government Uses Taxes & Subsidies

This lesson will explain how the government uses tax revenue. It will also discuss the purpose of subsidies, as well as public services and infrastructure.

Monetary Policy & The Federal Reserve System

9. Monetary Policy & The Federal Reserve System

This lesson covers the Federal Reserve System's use of monetary policy to help promote the economy. A short quiz will follow the lesson to check your understanding.

Regulatory Policy: Definition, Processes & Examples

10. Regulatory Policy: Definition, Processes & Examples

The following lesson covers how the U.S. government uses its regulatory policy to oversee business activities. A short quiz will follow the lesson to check your understanding.

What is Fiscal Policy?

11. What is Fiscal Policy?

The following lesson will cover how the U.S. government uses fiscal policy to affect the economy. A short quiz will follow the lesson to check your understanding.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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