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Lesson Plan

I Civics: The Market Economy

Curated by ACT

This activity teaches the basics about the market economy, including the relationships between consumers and producers, supply and demand, and profit and incentive. Students learn six traits of a market economy, compare the market economy to other types of economies, identify opportunity costs, and much more.

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Concepts
consumers, opportunity cost, producers, profit, supply and demand
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Additional Tags
icivics: the market economy, incentive, market economy
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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional
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