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TYPES OF ECONOMIES

Objectives:
  • Explain how traditional, command and market economies answer the basic economic questions of what to produce, how to produce, and for whom to produce.
  • Describe how governments organize their economic system for the production, distribution and consumption of goods and services.
  • Explain how elements of market, command and traditional economies have shaped the United States’ mixed economic system, such as consumer preferences, tariff policies and farming practices.





Click here for the warmup

Activities

Task One: PowerPoint Presentation






Click here to complete the guided notes.






Types of Economies Activity: Visual Definitions




​Using your notes, you will create visual definitions for each of the type of economies. Use pictures for each of the keywords found in the definition. 

Click here to complete the visual definition assignment. 

Types of Economies Resources


Key Vocabulary

Command Economy | Traditional Economy 
Mixed Economy | Market Economy | Goods and Services
Economic Wants | Economic Resources 
Socio-Economic Goals



Picture



News Article

Cows Explain Different Economies

Click here



Picture
What is meant by the sign the man in the red shirt is holding?

How might tariffs influence the kind of car you might purchase? 
Catonsville Center for Alternative Studies
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kweaver@bcps.org
​410-887-0934