Students understand that different economic systems employ different means to produce, distribute, and exchange goods and services.
From Brush Schools Wiki
Go back to main Social Science page
Contents |
Economic Standard 2.1 for 7th Grade
Students understand that different economic systems employ different means to produce, distribute, and exchange goods and services.
Standard in Kid Friendly Language
Students should understand that there are many ways that different peoples do business.
Standard Unwrapped
KNOW
- economic systems
- production
- distribution
- exchange
- goods
- services
- allocation of resources
- capitalism
- traditional economic system
- market economic system
- command economic system
- mixed economic system
- socialism
- capitalism
ABLE TO DO
- describe the characteristics of a traditional, command, market, and mixed economic system;
- explain how different economic systems use different means to produce, distribute, and exchange goods and services;
- describe how different economic systems affect the allocation of resources (for example, steel production in the former Soviet Union was determined by economic planners. This affected the allocation of many resources: coal, labor, etc. In the United States, all of these resources are allocated by the market).
Instructional Strategies
- Lecture and notes
- Video and study guide
Assessment Strategies
- Vocabulary test
Resources
Projects and Activities
- Comparison of World Political Parties
--G.R. McConnell 10:29, 19 June 2008 (MDT)
