Types of Economic Systems

Here is a worksheet in which learners identify and compare economic systems (market, command, mixed, etc.) with 18 fill-in-the-blank questions and a graphic organizer. 

How do people make decisions in a world where wants are unlimited but resources are not? How do individuals and governments utilize scarce resources (human, natural, and capital) in different economic systems? Introduce your learners to...

As an introduction to economics, government classes investigate different types of economic systems (traditional, command, market or capitalist, mixed) to determine answers to basic question about how goods are produced.

Young historians practice identifying evidence to categorize a particular country's economic system as either a mixed, centrally planned, traditional, or free economic system in this two-part lesson.

Agribusiness, human capital, productivity. Find out what your class members know about economic systems and terminology with this two-page economics worksheet that that asks kids to identify terms and concepts.

How is the Federal Reserve like your body's circulatory system? A short video explains the ways the Fed keeps money moving through the economy much like blood passes through veins and arteries. Focusing on retail payments, the video...

Students learn how government and the economy are related and the difference between market, command, and mixed economies.

An interesting overview of the economy of ancient Egypt. It covers everything from sources of wealth, taxation, and the benefits of the economic system. Hyperlinks to other articles on this site.

Economics is basically about choices. Look at the broadest economic choices when we talk about the difference between planned economies and market economies. Identify communism, socialism, command economies, and capitalism. Recognize how...

Why do scholars go to school? Is it due to self-interest and wanting more for themselves? Adam Smith's concept of competition spearheads the third lesson of a 21-part economic series from Econ Lowdown. Scholars investigate how...