Economic Systems: Market Economy: Laws of Supply and Demand . Command Economy: Communist government control of businesses. etc. During today's session, the topic of types of economic conditions such as Market economy and Command Economy were investigated. PJ understood well these concepts and is engaged in this key economics topic.

Key Terms related to Businesses in a Free Market Capitalistic Economy.

Economic Theory of Capitalism. Business key terms review: Sole Proprietorship, Corporation, Board of Directors, Charter, and Partnerships. Review/discussion of Unit Test on Legal Terms. During today's lesson on key Business Terms and Free Market capitalism, PJ was very engaged in this topic and showed a clear understanding of all key concepts.

Presentation of Business Terms: Sole Proprietorship, Partnerships, Liability, Corporations, Board of Directors etc. Definition and examples of businesses/corporations. Completion of Computers A.I. Quiz (15 minutes) During today's session with PJ, we covered various business terms that are key components of free market private businesses. PJ was very enamored with this important discussion as I believe that he may become a successful entrepreneur in the near future.

Economic Theory of Adam Smith: Free Market economy, laissez-faire policy, and businesses/entrepreneurships. Capitalism in the USA vs State-Sponsored businesses in other countries. Video on the origin/beginning of Capitalism. Review of Unit Test Legal Terms During today's session , PJ was enamored with the topic of Capitalism and Laissez-Faire economics which is the backbone of U.S.A. private businesses.

Unit Test: Full Period. Numerous Legal Terms , Free Market/Capitalism Economic Theory. During today's Unit Test on key Legal Terms and Laissez-Faire Economic Theory, PJ worked productively.

Review for Unit Test Legal Terms and Economic Theory: Discussion of various legal terms such as Writ of Habeas Corpus, Extradition, Arraignment etc, Adam Smith as the "Father of Economic Theory and Free Markets/Captitalism". During today's review session for the Unit Test on numerous legal terms involved with Due Process, PJ was well focused and should be prepared for a successful test based upon his accurate/clear class notes.

Submittal and review of Civil Laws/Criminal Laws Project. Adam Smith "father" of Capitalism
Theory, laissez-faire economics. Discussion of how capitalism promotes innovation and entrepreneurship. During today's session, PJ submitted a high quality PowerPoint project on Civil Laws/Criminal Laws in the U.S. We also discussed how capitalism and the principles of Adam Smith promote innovation and entrepreneurship.

Roots of Capitalism and Modern Economic Theory. Adam Smith and "laissez-faire" hands-off no government involvement. Development of Civil/Criminal Laws Project. The Law of Supply and Demand. PJ understood clearly today's lesson on the roots/beginning of Capitalism economic Theory developed by Adam Smith. The Law of Supply and Demand was also explained.

Classwork on developing the Civil Laws/Criminal Laws PowerPoint Project.: Full period. Discussion of requirement to utilize and cite non-A.I. reference sources. During today's session, PJ worked productively for the entire class period to research information and develop content for his Civil Laws/Criminal Laws PowerPoint project.