Economics economic systems worksheet
[DOC File]DOT
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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]Name
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Economic Systems. Place a check mark in the column of the type of economic system that the statement describes. Statement Traditional Command Capitalist The United States has this type of system. Everyone does what people in his or her family have done. Central planning determines the production and distribution of goods.
[DOC File]Name
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Name Economics. Economic Systems. Place a check mark in the column of the type of economic system that the statement describes. Statement Traditional Command Capitalist The United States has this type of system. Everyone does what people in his or her family have done. Central planning determines the production and distribution of goods.
[DOC File]Economic Systems – Comparison Chart
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Economic decisions are made by groups of people for the good of the community. The price and quantity of traded goods are based on customs and tradition _____A basic assumption of economics is that . Wants are unlimited C. Incentives are irrelevant. Consumers are irrational D. Means are unlimited. 4.
[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]ANSWER KEY
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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
[DOC File]Economic Systems/Opportunity Costs Worksheet
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Economic Systems/Opportunity Costs Worksheet. Part I: Using the definitions of the following types of economies, match the statement to the proper type of economy. Command Market Mixed. 1. Everyone knows which role to play. 2. The primary weakness is dealing with the FOR WHOM question. 3.
[DOC File]Comparative Systems Worksheet - LizardFoust
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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. Title: Comparative Systems Worksheet Author: ssims1 Last modified by: Cody Foust Created Date: 9/16/2013 7:43:00 PM
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Lesson 1 – The Economic System. Activity 1 – Bell Question - What does economics mean to you? – explain in 3-5 sentences. Activity 2 – Discussion, notes. Discuss/put words up on the board – Money, jobs, businesses, profit, sales, financial, etc.
[DOC File]Economic Vocabulary
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Economic Vocabulary Review Worksheet. Write the vocabulary word that matches each definition below. market economy- system where decisions concerning the three basic economic questions are guided by changes in prices that occur between individual buyers and sellers in the marketplace. . . also called free enterprise, capitalism, and laissez-faire
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