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Description

Overview:
This lesson introduces students to the three main types of economic systems, command, market, and mixed. Students work with limited knowledge, not knowing about mixed systems until the very end. This allows students to see the pieces of command systems and market systems that are present in the United States and in their “ideal” economies.
Subject:
Business and Communication, Marketing, Economics
Level:
High School
Material Type:
Activity/Lab, Assessment, Homework/Assignment
Author:
Date Added:
08/06/2020

Comments

Owl Nest Manager on Mar 14, 10:01am

Upcoming 2023 Nebraska AFNR Standards alignment:
AFNR.HS.5.3.b Explain the command economy and its benefits and drawbacks within the agricultural economy.
AFNR.HS.5.3.c Define the market economy and its key features.
AFNR.HS.5.3.d Identify a mixed economy and its advantages and disadvantages.

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