Exam Review

This is the first blog I've done in over a long time and I don’t know why!  Anyway, today in class, we started reviewing for the exam.  I kept raising my hand because I knew the answer, but Mr. Schick wouldn't call on me!  He looked at me and called on the person that was next to me.  I got really mad!  We were reviewing stuff from the beginning of the year and I totally forgot we learned that stuff.  When Cole started talking about it, I immediately remembered.  It was really strange.  I didn't talk much in class today.  This happens very rarely!  For some reason, I haven’t been myself lately.  Some of the class I was freaking out because after the class after Human Geo (if that makes any sense), I had to audition for Aladdin and I was really scared!  Mr. Schick told us that we have to use our blogs to study for the exam on Monday.  I think I’m in pretty big trouble because I don’t think that my blogs are that great.

Vocab.

Capitalism- an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.

Communism- a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.

Free Enterprise-an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.

Free Market- an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.