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Pencils or Candies? Planned Economics and Market Allocation

Students examine the different methods that can be used to allocate goods and services. Using this information, they determine how individuals and government can choose which methods to use. They compare and contrast a command and market economy and share their information with the class. They discuss the role of incentives and how they change when the supply or demand changes for that good or service.

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Resource Details

Grade
9th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Instructional Strategy
Inquiry-Based Learning