Read about the following
economic systems and take book notes explaining what they are and identifying
examples.
- Traditional
Explain/Define/Characteristics
Example:
What country or culture is similar? Why?
- Command
Explain/Define/Characteristics
Example:
What country or culture is similar? Why?
- Market/ Capitalism/Free enterprise system
Explain/Define/Characteristics
Example:
What country or culture is similar? Why?
- Mixed
Explain/Define/Characteristics
Example:
What country or culture is similar? Why?
Vocabulary list
Economic System, Factor
Payments, Patriotism, Safety Net, Standard of Living, Traditional Economy, Market
Economy,Centrally Planned Economy (Command
Economy), Mixed Economy
