The Economic Problem and Decision Making · Microeconomics

Economic Systems

Comparing how market, planned, and mixed economies allocate resources differently.

Key Questions

  1. 1Who owns the factors of production in different systems?
  2. 2How does the role of the government impact individual freedom of choice?
  3. 3Which system provides the strongest incentives for innovation?

MOE Syllabus Outcomes

MOE: The Central Economic Problem - S4
Level: Secondary 4
Subject: Economics
Unit: The Economic Problem and Decision Making
Period: Microeconomics

Suggested Methodologies

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