Economic system Command economy Mixed economic

UNIVERSIDAD ESTATAL DEL SUR DE MANABI

NOMBRE:

Xavier Josué López Pillasagua

MATERIA:

Ingles

VOCABULARY __ Match

Choose a work or phrase from the box to complete each sentence.

Write that word or phrase in the blank.

Market economy Three basic questions Traditional economy

Economic system Command economy Mixed economic

1. Government leaders spend a lot of time trying to respond

Three basic questions Of the economy.

2. The rules that a country follows to answer questions about what to produce, how to produce it, and who gets it make up the country

Economic Command

3. Decisions in a traditional economy are based on what has been done in the past.

4. Government leaders decide the answers to the three questions in an Economic System.

5. People can make, buy and sell whatever they want in a

_Market economy.

6. Most nations today have _ Mixed Economy

Comprehension write a paragraph

Use six or more words or phrases in the box to write a paragraph that explains the differences between a command economy and a market economy.

Government Market Control Factors of production Command Economy

Goods Services Three basic questions.

The differences that exist between a command economy and a market economy is that in the market economy anyone can decide what good or service they want to manufacture, buy or sell, and in a command economy the country follows certain rules to know what produce, how to produce it and who obtains it among other components of the country, then we could say that in a market economy there is more freedom when deciding what economic activity can be implemented.

Critical thinking __ Draw conclusions

To draw a conclusion, you need to see how the information fits together and gives a paragraph meaning. To draw a correct conclusion, you must ensure that it is supported by a paragraph.

Read the next paragraph and the sentences that follow. Put a check the conclusions that can be drawn from the paragraph. In a command economy, the government owns the land and luck. It tells workers where to work. It tells people how much of each item to do. The government decides how many people will be paid. It even controls who can buy goods and services.

1. People do not have much economic freedom in an Economic command.

The government decides how many people will be paid.

____2. A person cannot change jobs unless the government says so.

Tell workers where to work

____3. People don't like living in a command economy.

In a command economy, the government owns the land and luck.

____4. Government leaders answer basic economic questions in a command economy.

It tells people how much of each item to do.

____5. Government controls mean everyone has an equal

Possibility of goods and services.

...