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\nTypes of Economic Systems and Mixed Economy\n

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\nThe video is a lecture presentation that explains the different types of economic systems that can exist in an economy. The video explains the two main mechanisms that allocate resources, the market mechanism and the planning mechanism,...\nThe video is a lecture presentation that explains the different types of economic systems that can exist in an economy. The video explains the two main mechanisms that allocate resources, the market mechanism and the planning mechanism, and describes the advantages and disadvantages of each. It also discusses the origins of market and command economies and explains how most modern economies are mixed economies that use both market and state intervention to allocate resources.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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12:46
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2019
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
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Concepts

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economics, markets, economy, profits, governments
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Additional Tags

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a-level, lectures, micro, economic, problem, 1.4, systems, economic system, lecture presentation, economic problem, economic liberalism, red tape, public sector, private sector, planning mechanism, productive processes, command economies, free markets, mixed economy, government intervention, allocation mechanism, allocating resources, economies, productive, system, market, allocating, allocation, created, made, manifesto, reduce
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Types of Economic Systems and Mixed Economy\" href=\"/subscription/new\">\"Types\n\n
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