TYPES OF ECONOMIES. TRADITIONAL ECONOMY Long established patterns of what is to be done. Customs and rituals make choices! Retain economic positions of.
What is Scarcity? The idea that there are not enough resources to meet everyone’s needs & wants.
Produced by the Southern Center for International Studies © 2008 Southern Center for International Studies East Asia in Transition.
Do Now Please give me an example of the following resources: Human Natural Capital What are some questions a person must ask themselves if they want to.
Economics The student will understand that the production, distribution, and consumption of goods/services produced by the society are affected by the.
Free Enterprise System Free Enterprise System In Introduction to Economics Philosophy that our nation’s founders believe that individuals should have the.
Dubai, UAE Southwest Asia Today. Georgia 7 th Grade Standards Compare and contrast the economic systems in Israel, Saudi Arabia and Turkey Evaluate how.
Unit 5 Africa Economic Vocabulary. Famine - A severe shortage of food, generally affecting a widespread area and large numbers of people and can be caused.
Political and Economic Understandings of Canada Standards: SS6CG3 The student will explain the structure of the national government of Canada. a. Describe.
Economics
Dubai, UAE. Georgia 7 th Grade Standards Compare and contrast the economic systems in Israel, Saudi Arabia and Turkey Evaluate how the literacy rate affects.
Georgia Performance Standard and Essential Question SS7E5 The student will analyze different economic systems. a. Compare how traditional, command, and.
