Warm – Up November 9, 2010. In a market economy, wh o makes the economic Decisions ? Farmers Custom and habit Government planners Consumers and producers. Activator.
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In a market economy, who makes the economic
Custom and habit
Consumers and producers
Kagan Walk- The teacher will pose a question and play some music. You will walk around the room and reflect on the answer. When the music stops you will high five the student closest to you and then share your answer. If both students agree, you will face to face. If you disagree you will stand back to back.
a.Compare and contrast 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.
b.Explain how most countries have a mixed economy located on a continuum between pure market and pure command.
Today I will express how various economic systems operate by using my learning style to share my knowledge with my teacher and classmates.
How do traditional, market, and command economies answer the questions of what to produce, how to produce and for whom to produce?