Note to teachers
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Note to Teachers.

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Note to Teachers

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Note to teachers

Note to Teachers

  • This information is meant to be used in conjunction with the 6th and 7th grade Teacher Notes. For additional resources, go to GeorgiaStandards.org. (Note: This is not an expectation for students to memorize numbers, but to understand that factors that influence specific countries to move more towards a command or market economy). The numbering system is based on The Heritage Foundation’s Economic Freedom Index 2009 The Heritage Foundation is a conservative organization that has partnered with the Wall Street Journal for over a decade to evaluate each country based on a set of 10 criteria to determine economic freedom. Update information using resources listed in the Teacher Notes.


Note to teachers

Economics

  • How many basic types of economic systems are there?

  • Name the economic systems.

  • Which economic system do most textbooks say is the most common throughout the world?


Note to teachers

Economics

  • How many basic types of economic systems are there?3

  • Name the economic systems.Traditional, Command, Market

  • Which economic system do most textbooks say is the most common throughout the world? Mixed. The GCEE states that mixed is not an economic system but rather a blending of two different types of systems.


Economic systems

Economic Systems

Pure

Market

Pure

Command

Mixed Economy


Oh canada

Oh Canada!

  • Canada’s national and provincial governments provide health care for all citizens.

  • Broadcasting, transportation, and electric power are heavily regulated. These public services might not have been available in Canada’s remote area without government support.

  • The Grand Banks, one of the best fishing grounds in the world, is now regulated by the government because of overfishing.


Economic systems1

Economic Systems

Pure

Market

Russia

51%

Germany

71%

United Kingdom

79%

0

100

Pure

Command

Mixed Economy


Economic systems2

Economic Systems

Pure

Market

Cuba

28%

Brazil

57%

Canada

81%

0

100

Pure

Command

Mixed Economy


Economic systems3

Economic Systems

Pure

Market

Australia

83%

0

100

Pure

Command

Mixed Economy


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