5 Economic Systems
Presentation
•
Social Studies
•
10th Grade
•
Practice Problem
•
Hard
Kenia Pacheco
Used 7+ times
FREE Resource
15 Slides • 5 Questions
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Open Ended
What do you think daily life would look like in a traditional economy where goods are made and traded based on customs and traditions?
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Open Ended
How do you think it would feel to have the government decide your job, how much you earn, and what goods are available to you?
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Open Ended
What do you think would happen if some people became extremely wealthy while others struggled to meet their basic needs?
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Match
Match the economic system with the correct description.
Traditional
Command
Market
Mixed
People trade without money
Government decides all aspects
People decide what to make and buy
Create Businesses/ Government control
People trade without money
Government decides all aspects
People decide what to make and buy
Create Businesses/ Government control
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Open Ended
If your family had to live under one economic system for a year, which one would you choose and why? What would be the hardest part of that experience?
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