Economic Standards
Economic Understanding
SS7E5 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 Israel, Saudi Arabia, and Turkey.
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 Israel, Saudi Arabia, and Turkey.
No Economy can be fully command or market or else it would absolute chaos, thats why every economy can be considered a mixed economy.