Grade 12 Starter Lesson: Economic Systems

Last updated over 1 year 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

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