Economic Systems Chapter 2. Types of Economic Systems Economic system: how society uses resources to satisfy peoples wants Three basic systems: Traditional.
Chapter 2. Types of Economic Systems Economic system: how society uses resources to satisfy peoples wants Three basic systems: Traditional Command market.
Chapter 2
NEXT Economic Systems. NEXT Chapter 2: Economic Systems An economic system is the way in which a society uses its resources to satisfy its people’s unlimited.
In every nation, no matter what the form of government, what the type of economic system, who controls the government, or how rich or poor the country.
Economic Systems What is an economic system? (1) An economic system is the way a nation uses its resources to meet the needs of the people. Huh!? Each.
Economics
Economic Systems. Terms to Know Free Market Command Traditional Mixed Capital Land Labor Natural Resources Entrepreneur Trade Barriers Tariffs Quotas.
Terms to Know Free Market Command Traditional Mixed Capital Land Labor Natural Resources Entrepreneur Trade Barriers Tariffs Quotas.
Characterize differing economic systems in a diverse range of countries Describe the advantages and disadvantages of a particular approach to classifying.
Economics Systems
Economic Systems Today’s Objective: To be able to differentiate between the three economic systems and their characteristics.
