Lesson 3: Economic Systems
Duration of Days: 4
Lesson Objective
Identify the three economic questions
Differentiate among the main types of economic systems
Describe the economic system of the United States
What are the economic questions and systems?
What are the four principles on which the U.S economic system is based?
economic system, command economy, market economy, traditional economy, mixed economy, capitalism
CTE-Business and Finance Technology; Business management
B. Economics: Describe and apply the decision making process for
allocating scarce resources
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