4 type of economic system
[DOC File]Name
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This type of system is also called a market economy. There is little change in this type of system. This type of system allows a great deal of freedom for everyone involved. These items are goals for some economic systems. For each one, check whether you agree or disagree that it is a goal of our economic system.
[DOC File]Economic Systems - John Dewey High School
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Which type of economic system relies primarily on hunting, gathering, herding, and farming to maintain self-sufficiency? (1) traditional (2) command (3) capitalism (4) mixed (Jan 15 Q3) The development of cash-crop economies promotes globalization by (1) equalizing the standard of …
[DOC File]Economic Systems Unit Plan.doc.docx
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They answer the 3 key economic questions of what to produce, how to produce it, and who consumes that which is produced. Advantages(pg 32): 1. Economic efficiency 2. Economic freedom 3. Economic growth 4. Offer a wider variety of goods and services than any other system, because producers have incentives to meet consumers’ desires.
[DOC File]Economic Systems – Comparison Chart
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Prices are important in economic decisions. This type of system is based on competition, incentives and self-interest. This system is considered to have a low standard of living. There is little change in this type of system over long periods of time. This type of system allows a …
[DOC File]SS 30-2 name:
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3.4 - explore the extent to which governments should encourage economic equality. 3.5 – examine the extent to which the practices of political and economic systems reflect the values of liberalism. Task 1. Introduction Powerpoint. Task 2. Review the understandings of Economic Equality (pages 310-311).
[DOCX File]Unit 4 Study Guide: Political & Economic Development of ...
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Traditional system based on traditions, Command governments make all economic decisions, Market system business owners, entrepreneurs and consumers make economic decisions, Mixed. combinations of command/market
[DOC File]DOT - QX
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Discuss the advantages and disadvantages of each economic system. Distribute the cards, Activity 5 – 1, Double Dip to eight students. The other students will be required to tell which type of economic system the student is describing. Distribute Activity 5 – 2, Double Dip worksheet. After students have completed the worksheet, discuss the ...
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