Wednesday, February 12, 2014

2/12/14 Notebook Entry:Econ System Booknotes



Read about the following economic systems and take book notes explaining what they are and identifying examples.

  1. Traditional
Explain/Define/Characteristics
Example: What country or culture is similar? Why?

  1. Command
Explain/Define/Characteristics
Example: What country or culture is similar? Why?

  1. Market/ Capitalism/Free enterprise system
Explain/Define/Characteristics
Example: What country or culture is similar? Why?

  1. Mixed
Explain/Define/Characteristics
Example: What country or culture is similar? Why?

Vocabulary list

Economic System, Factor Payments, Patriotism, Safety Net, Standard of Living, Traditional Economy, Market Economy,Centrally Planned Economy (Command Economy), Mixed Economy

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