Market Economy: How Free Markets Work
Students will learn about a market economy where individuals and businesses make most economic decisions, driven by supply and demand, and discuss its basic features.
About This Topic
Students will learn about a market economy where individuals and businesses make most economic decisions, driven by supply and demand, and discuss its basic features.
Key Questions
- Who decides what products are made and sold in a market economy?
- How do prices help guide decisions in a market economy?
- What are some advantages and disadvantages of a market economy?
Active Learning Ideas
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