Grade 12 Starter Lesson: Economic Systems

Last updated almost 2 years ago

8 questions

Note from the author:

In this lesson, you will compare and contrast economic systems.

Essential Question: What makes an economics system different from another?

Instructions

In this lesson, you will compare and contrast economic systems.

Essential Question: What makes an economics system different from another?

Text, Question 1

02:25

Required

A __________ economy is influenced by the government and __________. 

In a ____________ economy, a centralized authority controls all parts of the economy.  

What are the benefits of a free market economy for consumers?

Question 6

00:38

Question 7

01:36

Question 5

01:37

Required

Draggable item		Corresponding Item
communism		total private ownership
capitalism		some private ownership
socialism		private ownership is prohibited