Comparing economic systems answer key
[DOC File]6th grade Social Studies
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“Europe’s Economic Systems” ANSWER key _____ I. Economic Systems. 1. Fill in the chart with a definition and an example of the 4 types of economic systems: Economic System Definition Example Traditional Based on customs and beliefs Villages in Africa Command Government makes all of the economic decisions ... Comparing European Economies.
[DOC File]Comparative Systems Worksheet
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6. Now that you have studied the economic characteristics of these three countries, define the terms market-oriented, command, and developing economy in your own words. For each term, describe the specific characteristics of the countries you studied that would help to support your definition. Name Date Economic Systems
[DOC File]Economic Systems – Comparison Chart
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Economic Systems – Comparison Chart. Based on the information you gathered about economic systems this unit, complete the chart by answering the questions about the different types of economic systems. Traditional Economy Command Economy Free Market Economy Mixed Economy. Who decides . what. goods and services will be provided? Who decides . how
[DOC File]Comparison of Economic Systems
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Comparison of Economic Systems. Define Economics: What are the three questions all economic systems answer? Word Bank: Laissez Faire government (2) private property entrepreneurs companies inequality programs. exploitation (suffering) monopolies command communism unproductive middle.
[DOC File]Study guide for Economics Unit I test
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– The student will compare and contrast different economic systems and explain how they answer the three basic economic questions of what to produce, how to produce, and for whom to produce. SSEF5 – The student will describe the roles of government in a market economy.
[DOC File]Comparative Systems Worksheet - LizardFoust
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Answer the seven reflection questions after gathering the data. 3. Complete the assignment online and post to your weebly website Data Worksheet. ... Economic Systems: The institutional framework of formal and informal rules that a society uses to determine what to produce, how to produce and how to distribute goods and services. ...
[DOC File]DOT - QX
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Economic systems in which individuals, rather than the government, makes the decisions bout production and distribution of goods and services. Example: Ms. White makes brooms to sell at flea markets. 4. Mixed Economies. Economic system, which is a combination of the different economic systems.
[DOC File]ANSWER KEY - Humble Independent School District
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Locate information about how each economic system answers the 3 basic economic questions: TRADTIONAL. SYSTEM COMMAND. SYSTEM MARKET . SYSTEM WHAT TO PRODUCE? By custom – whatever. was produced in the past The government decides what should be produced. The government owns most of the means of production. Consumer choices dictate the success of
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