Compare and contrast the different economic systems in the world today
Choose 1 ofthe following systems to research:
Traditional Economy
Free Market Economy
Command or Central Planned Economy
Mixed Economy
Provide the following information:::
- Explain in detail the characteristics of the economic system of your choice
- What goods and services shoud be produced?
- How should these goods and services be produced?
- Who consumes these goods and services?
- What are the benefits of this system to the people?
- What are the cons of this system to the people?
Case Study::::
Select a country that has the economic system that you have chosen
- Discuss how this country operated within that economic system
- Be sure to give specific examples
- Incorporate two current event issues that are facing that nation
- How does the economy of that country impact the US?
Use the following links to conduct your research::
Economy Watch
Economics
Gale Student Resources in Context
Global Issues in Context
World Bank
