Economic Systems Notes - Polk School District
Economic Systems
Economic Systems
Countries must decide how to distribute its resources to meet the
needs of its people.
Countries do this through an economic system.
Economic Systems
An Economic System is the way a society organizes the production, distribution, and
consumption of good and services.
Vocabulary Break
In small groups, sort the pictures provided as examples of production,
distribution, or consumption
Economic Systems
There are 3 basic types of economic systems that have to answer three basic questions:
(1) What to produce? (2) How to produce? (3) For Whom to produce?
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