Economics Lesson 4: Understanding Markets

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Once your economists understand the basics about buying and selling, introduce them to the 3 types of economies with this reading comprehension learning exercise. First, learners read a short selection about how economies are organized. Vocabulary words are in bold, but consider maintaining engagement by having learners highlight sections that define those words. They then categorize 6 scenario questions as market, mixed, and command economies.

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7th - 9th
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