This video explains that 'pure' economic systems are only theoretical and shows how both the U.S. market economy and the Soviet command economy are in fact mixed economies. The differences lie, of course, in the nature of the mix. The program makes no qualitative choice between the two types of economies, leaving to students the matter of making an informed judgment. This is a three part series that examines the origins of money, what it stands for and how it keeps the modern economic system operational. The series examines definite proposals to current economic troubles.
Video consists of enhanced artwork on video.
Teacher guide is available. This segment explains the origins of money and the concept of money as a medium for exchange and as a tore house of value. The process of making jeans is followed from the cultivation of cotton to the distribution of the final product. Examples of specialization of labor and the role of individuals are given. The filmstrip shows what farmers, wheat buyers, millers and bakers do on the job, and the impact of new technology on productivity.