ECONOMIC SYSTEMS 7th Grade GEOGRAPHY core concepts 5.3

ECONOMIC SYSTEMS 7th Grade GEOGRAPHY core concepts 5.3
Key Terms: Four Basic Economic systems: traditional, market, command and mixed.
Questions: What are the differences among traditional, command and market economies?
What are some possible advantages of the free-market system used in the United States and other countries?

Core Concepts,Geography Basics,economics,economic development,economic systems,market economy,traditional economy,command economy,mixed economy,7th grade,US,USA,developed country,developing country,GDP,Gross Domestic Product,development,productivity,poverty,technology,increasing development,income per capita,skilled workers,human development,map,trade,