Study Guide: European Economics 101

SS6E5 The student will analyze different economic systems.

a. Compare how traditional, command, and market, economies answer the economic

questions of 1 -what to produce, 2-how to produce, and 3-for whom to produce.

b. Explain how most countries have a mixed economy located on a continuum between pure and market and pure command.

c. Compare the basic types of economic systems found in the United Kingdom, Germany, and Russia.

Essential Question: How do different economic systems compare and contrast?

Lesson Questions

1. How do traditional, command and market economies answer the question of what to produce, how produce and for whom it is produce?

System	What to Produce	How to produce	For whom to produce
Traditional
Command
Market

2. How do most countries have a mixed economy located on a range between pure and market and pure command?
1. What is a mixed economy? ___________________________________________________________
2. Why do countries have a mixed economy? ________________________________________________________________________________________________________________________
3. How do the basic types of economic systems found in the United Kingdom, Germany, and Russia compare?

Country	Economic System
United Kingdom
Germany
Russia