Grade 6-8, 9-12
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Video

Economic Systems Video and Quiz

Updated: July 12 2012,
Author: barrel jason
Teacher Version

Standards

State Standards

Concepts

Decision Making/Cost-Benefit Analysis, Economic Development, Economic Institutions, Economic Systems, Scarcity
 Open Video

This video teaches the concept of Economic Systems. Economic systems can be categorized according to who makes most of the decisions in an economy: by individuals and firms or by government officials. [TRANSCRIPT]