Comparing Economic Systems
Students will compare and contrast the fundamental characteristics of traditional, command, market, and mixed economic systems.
Key Questions
- Compare how command and market economies answer the three basic economic questions.
- Evaluate the strengths and weaknesses of a purely market-driven system versus a centrally planned one.
- Predict the societal outcomes of a country transitioning from a command to a mixed economy.
Ontario Curriculum Expectations
Suggested Methodologies
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