Traditional economy an economic system in which custom decides what people do, make, buy, and sell command economy an economic system in which a central government decides what goods will be made recession a period of slow economic growth or decline inflation a rise in prices and a drop in the value of money Unit 8 civic, governments, political developments in the caribbean and latin america. Students should write the definition, examples, symbol, etc.
8/11 Intro To Econ Notes (Fill Ins);
Turn in for classwork grade) 8/15 finish friday's work of modeling an. •a mixed (or hybrid) economy. In small groups, sort the pictures provided as examples of production, distribution, or consumption.
Label Each Flap With The 4 Economic Systems Traditional Economy Command Economy Market Economy Mixed Economy 3.
Foldable to record and summarize important information from the lesson economic systems quotes economic systems continuum activity activity suggestions: Follow the directions to create a the foldable 2. Point out that countries such as russia and china had command economies before political changes led to the development of market economies.
Stepl Fold A Sheet Of Paper In Half From Side To Side.
Step 2 on one side, cut along every third. Traditional economies this kind of economy is very scarce at this age. There are four basic types of economic system.
The Most Likely Place To Find A Traditional Economy Would Be A Reserve.
They should have turned it in today. The teacher should present the information on the slide. Then we worked on the review for the test on tuesday.