Tuesday, July 18, 2017

ECONOMIC SYSTEMS ESSAY

Name____________________                                           Date____________________
Summer School Social Studies                                         Landmark High School

WHAT ARE THE PROS AND CONS OF THE FOUR MAJOR ECONOMIC SYSTEMS?

Directions:  You must write a essay discussing the different economic systems and the advantages and disadvantages of each system. After you provide this information you must SELECT one system and explain why you believe it is the BEST.

Requirements and Guidelines:

  • Each essay must have a clear Introduction and Conclusion

  • 2-4 TYPED pages (12 point font)

  • Works Cited Page

Essay Outline

  1. Introduction – What are economic Systems? Why are they necessary? What are the different economic systems?

  1. Traditional Economy – Define Traditional Economy. What are some examples of a Traditional Economy? What are the pros? What are the cons?

  1. Market Economy – Define Market Economy. What are some examples of a Market Economy? What are the pros? What are the cons?

  1. Command Economy – Define Command Economy. What are some examples of a Command Economy? What are the pros? What are the cons?

  1. Mixed Economy – Define Mixed Economy. What are some examples of a Mixed Economy? What are the pros? What are the cons?

  1. Conclusion - After analyzing each type of economy, which economy is the BEST economy to you? Why? How are the benefits of this economy superior to the other economies? Why should other nations want to adopt this economic system? How does this impact us today?


Resources






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