SICK

I was not in class today because I am sick

 Capitalism- An economic and political system in which a country's trade and industry are


 controlled by private owners for profit rather then by state




Communism- A political theory derived from Karl Marx, advocating class war and leading to

 a society in which all property is publicly owned and each person works and is paid according 

to their abilities and needs. Classless society 




Free enterprise- An economic system in which private business operates in competition and 

largely free of state control.




Free market-   

An economic system in which prices are determined by unrestricted competition between privately owned businesses.

CARS

                Today in Human Geo we finished up the last couple minutes of the video. After the part 1 we, for some reason skipped part 2, and went to part 3 and started to watch that. It was about china. We learned that years ago China’s main source of transportation was bikes. They used them to get to everywhere. Now China has more cars than anything and it’s still growing at a rather alarming rate. We also talked about insurance for a little bit. Some people might try to fake an accident to get money which is illegal. If there is a small accident then the people might just pay each other on the spot. If not they will write down all the information they need. One thing I didn’t k now is that your insurance is actually paying for the other person’s car to get fixed.