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Aligns to the Georgia Standards of Excellence:
SS7E4 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 that countries have a mixed economic system located on a continuum between pure market and pure command.
c. Compare and contrast the economic systems in Israel, Saudi Arabia, and Turkey
Students will read about the economic systems of China, India, Japan, North Korea, and South Korea. Students will be able to compare and contrast the systems by filling in a chart and creating an economic continuum.