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Descriptive Overview. Students will use the knowledge they know of the world economies to create a nation that organizes itself using the characteristics of the four economic systems.. Lesson Objectives/Goals . Students will:Describe and compare the economic systems predominate in the world today
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1. Economic Systems
Social Studies/Economics
2. Descriptive Overview
Students will use the knowledge they know of the world economies to create a nation that organizes itself using the characteristics of the four economic systems.
3. Lesson Objectives/Goals Students will:
Describe and compare the economic systems predominate in the world today
Compare and contrast traditional, command and market economies
Explain how mixed economies are a combination of other economic systems
4. Terminology/Vocabulary:
Command Economy
Market Economy
Mixed Economy
Traditional Economy