Mixed Economies Continuum. GPS and E.Q. GPS: SS6E5b. Explain how most countries have a mixed economy located on a continuum between pure market and pure.

Slides:



Advertisements
Similar presentations
Economic Systems.
Advertisements

Command, Market, and Traditional
Economic Systems. How many basic types of economic systems are there? Name the economic systems. Which economic system do most textbooks say is the most.
Traditional, Command, Market, and Mixed © 2011 Clairmont Press.
Chapter 2 “Economic Systems” (pp
Types of Economies.
Concept: Production – Distribution - Consumption
FSMS 7 th Grade Social Studies; Unit 3 Production, Distribution & Consumption (Economic Systems) October th ; Day Georgia Standard SS7G7a.b.
Types of Economic Systems
WHAT IS AN ECONOMIC SYSTEM?. Economic System How the government and businesses work to provide goods and services to consumers Three Economic Questions.
Types of Economic Systems
Mixed Economy SS6E1 The student will analyze different economic systems. b. Explain how most countries have a mixed economy located on a continuum between.
Mixed Economy.
Standard: SS6E1 The student will analyze different economic systems. a
Economic Systems.
Traditional Economy Closely tied to the environment
Economic Systems.
Essential Question: How do the countries of Israel, Saudi Arabia, and Turkey answer basic economic questions? Standard: SS7Ec. Compare and contrast the.
How do the countries of the United Kingdom, Germany, and Russia answer basic economic questions? Standard: SS6E5c. Compare the basic types of economic.
Economic Systems Unit 12 Notes. Different Economic Systems Scarcity refers to the limited supply of something. –Every country must deal with the problem.
Economic Systems Unit 12 Notes. Different Economic Systems Scarcity refers to the limited supply of something –Every country must deal with the problem.
An economic system describes how a country’s economy is organized Because of the problem of scarcity, every country needs a system to determine how to.
 Each economy has to answer three specific questions  How it answers these questions determines what kind of economy it is going to be.  The three.
HAVE OUT HW !! In your notebook: What is capitalism? Which characteristic of capitalism is more valuable to you? Why.
Economic Systems Ch 2-3 Notes.
Wednesday - Bell Ringers 1.In your own words, define entrepreneur. 2.List 2 characteristics that you personally possess that you think would make you a.
Types of Economic Systems and The Three Economic Questions.
Standard of Living and Literacy Rate E.Q. – How does one’s literacy rate impact their standard of living?
Government and Economic Study Guide. 1. Define unitary  Power flows from one strong central authority to several weak regional authorities.
The process of a nation, or society, follows to produce goods, and services Four types (traditional, command, market, mixed)
Governments & Economies.  Answer the questions within this PowerPoint to help you prepare for the Unit Test.  Remember! We will take the multiple choice.
ProsCons STATION 1 Economic System: ____________________ STATION 2 Economic System: __________________ ProsCons Discussion Question (write answer only):
Economic Understandings SS6E5 The student will analyze different economic systems. a)Compare how traditional, command, and market economies answer the.
Chapter 2 Economic Systems You mean there is more than one?
MIDDLE EAST ECONOMIES. Top of page 29 above the margin  SS7E5b.c.  b. Explain how most countries have a mixed economy located on a continuum between.
Types of Economic Systems
SS7E1a Compare how traditional, command, and market economies answer the economic questions of (1) what to produce (2) how to produce (3) for whom to produce.
European Economies Comparing the Economies of the United Kingdom, Germany and Russia.
Standard: SS6E1 The student will analyze different economic systems. a. Compare how traditional, command, and market economies answer the economic questions.
SS7E5.A - COMPARE HOW TRADITIONAL, COMMAND, AND MARKET ECONOMIES ANSWER THE ECONOMIC QUESTIONS OF: (1) WHAT TO PRODUCE, (2) HOW TO PRODUCE, AND (3) FOR.
Economic Systems. Because of the problem of scarcity (a limited supply of something) every country needs a system to determine how to use its resources.
Mixed Economy SS6E1 The student will analyze different economic systems. b. Explain how most countries have a mixed economy located on a continuum between.
Standards: SS7E8a. Compare how traditional, command, market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3)
Standards: SS7E8a. Compare how traditional, command, market economies answer the economic questions of (1) what to produce, (2) how to produce, and.
How do the countries of the United Kingdom, Germany, and Russia answer basic economic questions? Standard: SS6E5c. Compare the basic types of economic.
How do the countries of the United Kingdom, Germany, and Russia answer basic economic questions? Standard: SS6E5c. Compare the basic types of economic.
How do the countries of the United Kingdom, Germany, and Russia answer basic economic questions? Standard: SS6E7c. Compare the basic types of economic.
Purpose of the European Union
Standards: SS7E8a. Compare how traditional, command, market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3)
Types of Economic Systems
Types of Economies Capitalism Socialism Communism (Command)
STANDARDS: SS6E5 The student will analyze different economic systems.
Economic Systems in Latin America
Answer The “Three Basic Economic Questions” about the united states
“Economies of S+E Asia”
Economic Understandings
Economic Systems E.Q: What are the 3 questions each country must answer to decide on its economic system?
Types of economies.
Economic Systems.
7th Grade Social Studies
Unit 1: Concepts (Economics) I
Economic Systems Four Types.
Good Morning Write down your EQ and Homework for today. Take out your handout on the 4 economies SPONGE When a company makes a product,
Economic Understandings
How do the countries of the United Kingdom, Germany, and Russia answer basic economic questions? Standard: SS6E5c. Compare the basic types of economic.
What will be produced? How will it be produced? Who will benefit?
Essential Question: How do economic systems answer the questions of what, how, and for whom to produce?
ECONOMICS: January 22 Assignment Read Ch. 2, Lesson 2 Learning Target
Economics How many basic types of economic systems are there?
Entrepreneurship Intensive Training
Presentation transcript:

Mixed Economies Continuum

GPS and E.Q. GPS: SS6E5b. Explain how most countries have a mixed economy located on a continuum between pure market and pure command. E.Q. How do most countries’ economies compare on a continuum between pure market and pure command?

Copy Continuum COMMANDMARKET

CRCT Test Prep p Which European country shown in the diagram has the LEAST free economy? Russia 379. Because most economies have characteristics of the command economy and the market economy, we say they are Mixed