command.gif market1.gif traditional.gif

The student will analyze different economic systems.
  1. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce.
  2. Explain how most countries have a mixed economy located on a continuum between pure market and pure command.
  3. Compare and contrast the economic systems in Israel, Saudi Arabia, and Turkey.

Directions: As You watch the Power Point Presentation, fill-in-the-blanks to create a set of notes to help you study economic systems.