Use the graphic organizer at interactive review @ classzone.com in section 1, you will • identify the three main types of economic systems • understand how a traditional economy operates, including its advantages and disadvantages • analyze how modern forces are changing traditional economies economic system, p. All economic systems have the same goals. •a command (or planned) economy.
Only One Or Two Main Economic Activities.
8/24 video, quiz on models and systems 8/25 socialism and capitalism graphic organizer, video from above Traditional command market mixed classwork/homework in a formal paragraph, tell me which economic system you believe is the best. There are 3 sets, one with the name of the economic system, one set with the definitions/ descriptions of the economies, and one set with pictures.
Domestic Product To Measure Economic Development.
(1) what to produce (2) how to produce (3) for whom to produce… hint: The students will create a brochure to compare the economies of south africa, nigeria, and kenya. How do economic systems answer the basic questions?
8/19 Economic Models Worksheet 8/22 Economic Systems Notes And Matching Graphic Organizer 8/23 Finish Above Organizer, Begin Documentary On North Korea With Guiding Question Of How Does This Video Illustrate The Failure Of A Command Economy?
Also known as a command economy and/or communism. There are many different economic systems that try to result in more equality or faster growth. C ompare how traditional, command, and market economies answer the questions of:
Create A Graphic Organizer To Help You Remember Each System Market Command Traditional Mixed Or Maybe This….
Questions answers why must every country have an economic system? Complete the chart by writing how the three basic economic questions are answered by each type of economy. Role of government in capitalism, socialism, and communism capitalism government's role government involvement examples of countries with this