1. Economic Systems 2. All Economic Systems seek to answer the three basic economic questions 1) What to produce? 2)How to produce? 3) For whom to produce? 3. Traditional…
Slide 1What is Economics? Social science that studies how people, acting individually and in groups, decide to use scarce resources to satisfy their needs. Economics is about…
Slide 1 Slide 2 Slide 3 Slide 4 INSTRUCTIONS 1) Choose a category 2) Correctly answer questions/statements 3) If your wrong you loose the amount of money you were playing…
Slide 1 ECONOMIC SYSTEMS SSEF4 The student will compare and contrast different economic systems and explain how they answer the three basic economic questions of what to…
Slide 1 Everything but the kitchen sink: ECONOMICS of Africa, Asia, and Southwest Asia Slide 2 ECONOMIC SYSTEMS Command EconomyMarket EconomyTraditional Economy What to produce?…
Slide 1 ECONOMICS Notes Slide 2 ECONOMIC SYSTEMS Command EconomyMarket EconomyTraditional Economy What to produce? Whatever the government decides What to produce? What people…
Slide 1 Economic Systems and the American Economy Chapter 2 Slide 2 Learning Objective I can describe the 3 basic questions that all economics systems attempt to answer Slide…
AP Economics SSEF4a â Compare command, market, and mixed economic systems with regard to private ownership, profit motive, consumer sovereignty, competition, and government…