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[DOCX File]Socorro Independent School District
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economic system —a way of distributing goods and services to answer the WHAT, HOW, and FOR WHOM questions. Most societies in the world take part in one of three major economic systems—traditional, command, or market. What role does an economic system play in society? • Traditional Economies (page 33)
what is a traditional economy

[DOC File]Economic Systems WebQuest.doc.docx - Couck's Class
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Understand Economics and Economic systems Term. Definition Economics Terms. Economics Making choices and satisfying the wants and needs of consumer. Economics studies how individuals and societies seek to satisfy needs and wants through incentives, choices, and allocation of scarce resources The word "economics" is from the Greek words οκος ...
examples of traditional economy

[DOCX File]Home - Social Circle City Schools
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Economic Systems of Latin America. Study Guide. 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. Tribal villages in Africa & South America . Command. Government makes all of the economic decisions.
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[DOC File]Types of Economic Systems
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I. Economic Systems. 1. 4 types of economic systems: Economic System. Definition. Example. Traditional. Based on customs and beliefs. Tribal villages in Africa & South America . Command. Government makes all of the economic decisions. Cuba, former Soviet Union. Market.
traditional economic system example

Traditional economy - Wikipedia
An economic system based upon customs and traditions. Economy is based upon agriculture and hunting. Non-Industrialized Agrarian societies Chad Haiti Rwanda 4)
what does a traditional economy rely on

Home - Social Circle City Schools
Economic Systems. First we need to take a moment to look at how economists categorize economies. A market economy is characterized by private ownership of the factors of production, and supply and demand are responsible for the price and allocation decisions. The United States, Hong Kong, and Germany are considered market economies.
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[DOC File]CONTENTS/TEACHING OUTLINE
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Definition; Government Involvement; Examples; Traditional. Free Enterprise. Command Economy. Mixed Economy. Economic Systems and Economic Activities Diagram. Directions: Complete the chart below to define economic activities and include examples of the types of jobs or work for each activity category. Provide examples for each economic activity ...
traditional economy key features

Economic systems traditional definition