Episode 24 of 100 · 5-Minute Videos
A Moral Case for Capitalism
Economics — Contemporary World Issues · Economics · Economics — Economics & Financial Literacy · Government — Contemporary World Issues · History — Modern World History · History · Government — Modern World History · Financial Literacy · Financial Literacy — Economics & Financial Literacy · Captions
About This Video
What is the only economic system that values freedom, lifts people out of poverty, disdains distinctions of race and creed, and draws us into productive networks of mutual dependency? Hint: it’s not a system of ever-increasing government control.
Standards Met in Ohio
- 6.E.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (entrepreneurship, human resources, natural resources and capital) used.
- 9-12.EFL.4Grades 9th, 10th, 11th, 12thDifferent economic systems (traditional, market, command, and mixed) utilize different methods to allocate limited resources.
- 9-12.MWH.5Grades 9th, 10th, 11th, 12thEnlightenment ideas regarding human nature and society challenged religious authority, absolute rule and mercantilism.
- CWI.9-12.11.lp.kGrades 9th, 10th, 11th, 12thIdentify human activities.
- CWI.9-12.21.lp.aGrades 9th, 10th, 11th, 12thIdentify the current economic status of a given country
- CWI.9-12.8Grades 9th, 10th, 11th, 12thCivil and Human Rights
- EFL.9-12.22.cGrades 9th, 10th, 11th, 12thIdentify meaning of law.
- EFL.9-12.4Grades 9th, 10th, 11th, 12thDifferent economic systems (e.g., traditional, market, command, mixed) use different methods to allocate limited resources.
- EFL.9-12.4.aGrades 9th, 10th, 11th, 12thCompare and contrast the different economic systems (e.g., traditional, market, command, mixed).
- EFL.9-12.4.bGrades 9th, 10th, 11th, 12thIdentify the different economic systems (e.g., traditional, market, command, mixed).
- EFL.9-12.4.cGrades 9th, 10th, 11th, 12thIdentify an economic system.
- EFL.9-12.4.lp.bGrades 9th, 10th, 11th, 12thUnderstand that a mixed market includes elements of a market system and command economic system.
- EFL.9-12.4.lp.dGrades 9th, 10th, 11th, 12thUnderstand that a market economic system uses individual choices of buyers and sellers to distribute resources through supply and demand.
- MWH.9-12.5Grades 9th, 10th, 11th, 12thEnlightenment ideas regarding human nature and society challenged religious authority, absolute rule and mercantilism.
- MWH.9-12.6cGrades 9th, 10th, 11th, 12thIdentify one of the Rights of Man.
- SS.6.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (e.g., entrepreneurship, human resources, natural resources, capital) used.