The Economic Way of Thinking · Economic Foundations
Economic Systems
Comparing how different societies answer the three basic economic questions of what, how, and for whom to produce.
Key Questions
- 1Who benefits and who bears the costs in a command economy versus a market economy?
- 2How does the ownership of property influence economic productivity?
- 3Can a pure market system exist without any government intervention?
Ontario Curriculum Expectations
ON: Canadian and World Studies - Grade 9ON: Economic Systems - Grade 9
Grade: Grade 9
Subject: Economics
Unit: The Economic Way of Thinking
Period: Economic Foundations
Suggested Methodologies
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