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Economic Systems

posted Mar 28, 2014, 6:42 PM by Unknown user   [ updated Apr 8, 2014, 5:55 PM ]
By: Cooper and Pedro
 SS7E1 The student will 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 how most countries have a mixed economy located on a continuum between pure

market and pure command.

c. Compare and contrast the economic systems in South Africa and Nigeria.