Explain: An Introduction to Economics- 4 Types of Economies

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Two great visuals for your student’s interactive notebooks! Introduce the similarities and differences between the types of economies around the world. The PowerPoint presentation guides the entire lesson through examples, definitions, discussion questions, graphic organizers, a review activity, and journal prompt. First, students imagine they will be contestants on a survival based reality show and create a wish-list of wants and needs. Another graphic organizer compares and contrasts the 4 types of economies with synonyms, definitions, and examples. A mini-DBQ is included for intermediate and middle school levels as well as a practice review sheet to guide mastery.

Lesson Includes: Explain Types of Economies PowerPoint presentation, wants vs. needs chart, types of economies chart and answer key, types of economies student handout and answer key, Mini-DBQ analysis handout, and Teacher Quick Reference Guide

Vocabulary Covered: Economy, Traditional Economy, Free Enterprise Economy, Capitalism, Market Economy, Command Economy, Communism, Socialism, Wants, Needs, Benefits, Morality, Ethics

Hope you and your students enjoy! Please check my TpT store for more great lessons I am adding all the time. Thanks!

This activity is also available as part of an entire week long Introduction to Economy Unit if it better suits your classroom needs. Buying all the lessons together saves you $2.
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Explain: An Introduction to Economics- 4 Types of Economies
Explain: An Introduction to Economics- 4 Types of Economies
Explain: An Introduction to Economics- 4 Types of Economies
Explain: An Introduction to Economics- 4 Types of Economies
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