W4D2_Econ Lecture
Presentation
•
Social Studies
•
11th Grade
•
Hard
Noah Lawson
Used 4+ times
FREE Resource
5 Slides • 11 Questions
1
W4D2_Econ Lecture
6 Traits of the Market Economy
2
Multiple Select
3
Multiple Select
4
Fill in the Blanks
5
Multiple Select
6
Multiple Choice
7
Fill in the Blanks
8
Open Ended
9
6 Traits of a Market Economy #4: Freedom of Choice
People are free to choose what to produce and what to consume.
The choices producers and consumers make determines what goods and services are available.
10
6 Traits of a Market Economy #5: Competition
Producers compete with each other for profits by trying to produce goods and services that will be most attractive to consumers
This leads to innovation (new ideas) and better prices.
11
Multiple Select
12
6 Traits of a Market Economy #6: Limited Government Role
The government does not make rules about what and how much gets produced.
The government’s main role is to make sure the market is fair and producers have a chance to compete.
13
Open Ended
14
Multiple Choice
15
Fill in the Blanks
16
Exit Tweet
W4D2_Econ Lecture
6 Traits of the Market Economy
Show answer
Auto Play
Slide 1 / 16
SLIDE
