Get Free Access for 10 Days!
Lesson Plan

I Civics: The Market Economy

Curated by ACT

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

3 Views 0 Downloads
Concepts
consumers, opportunity cost, producers, profit, supply and demand
Show More Show Less
Additional Tags
icivics: the market economy, incentive, market economy
Show More Show Less
Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional
  • This resource requires a site login