Economic Systems and Global Issues · Comparative Economics

Comparative Economic Systems

Contrasts market-based economies with planned or mixed economic systems.

Key Questions

  1. 1What incentives are driving this behavior in a command economy?
  2. 2How do different systems prioritize equity versus efficiency?
  3. 3Who benefits and who bears the costs of state-owned enterprises?

ACARA Content Descriptions

AC9EC12K15
Year: Year 12
Subject: Economics & Business
Unit: Economic Systems and Global Issues
Period: Comparative Economics

Suggested Methodologies

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