The 4 Main Economic Systems
Presentation
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Geography, History
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KG - 12th Grade
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Practice Problem
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Easy
G Wells
Used 28+ times
FREE Resource
18 Slides • 13 Questions
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The 4 Main Economic Systems
What's Economics All About?
Source: Windsor HS
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Open Ended
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Note this: Big 3 Questions, and 4 Main Economic Systems
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Quick Note: To "produce" is to make something
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Open Ended
What are 5 items in your house that have been produced, shipped, and sold at a store?
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Poll
What have you already heard about these 4 economic systems?
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Multiple Choice
OK. New word: Barter. So, if you and your friends are bartering, then what are you exchanging instead of money?
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Open Ended
Why might someone WANT to live in a traditional economic system?
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Open Ended
Why might someone NOT want to live in a traditional economic system?
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Thinking Question:
Q.Are you more into keeping customs and traditions? Or do you like to explore different ways of doing things?
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Open Ended
What do you think would be GOOD about ALL major decisions concerning food, jobs, and prices being made by a central government?
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Open Ended
What do you think would be BAD about ALL major decisions about food, jobs, and prices being made by a central government?
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So, private citizens don't really have much say in how jobs are created, goods are produced, and how trade rules and prices are set.
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Poll
I would prefer to live in a society where...
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Poll
As a shoe store customer, what do you prefer?
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Open Ended
Would do you think would be BAD if there were no rules and regulations for businesses?
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Open Ended
What do you think would be BAD if there were LOTS of rules and regulations for businesses?
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Open Ended
In a formal paragraph, tell me which economic system you believe is the best. Consider your needs and wants. All systems had their advantages and disadvantages - which one do you support?
The 4 Main Economic Systems
What's Economics All About?
Source: Windsor HS
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