Unit 1: Basic Economic Concepts 1. Scarcity Means There Is Not Enough For Everyone Government must step in to help allocate (distribute) resources 2.
Scarcity Means There Is Not Enough For Everyone Government must step in to help allocate (distribute) resources 1.
1. Tree Diagram 2. Medical Example 3. Quality Control Example 1.
Economic Systems. 1.Centrally-Planned (Command) Economy 2.Free Market Economy 3.Mixed Economy 2.
SSEF4a – Compare command, market, and mixed economic systems with regard to private ownership, profit motive, consumer sovereignty, competition, and government.
Economic Systems
6.6 Tree Diagrams
