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Practical Money Skills: Market Economy

Curated by ACT

In a market economy, the principles of supply and demand determine what is produced, how it is produced, and by whom it is produced and consumed. Learn how planned economies and mixed economies differ.

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Concepts
command economy, goods and services, supply and demand
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Additional Tags
mixed economy, planned economy, production, practical money skills: market economy, market economy
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Resource Details
Grade
9th - 10th
Subjects
Social Studies & History
2 more...
Resource Type
Articles
Audiences
For Administrator Use
2 more...
Lexile Measures
1520L