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Texas Gateway: How Economies Can Be Organized: An Overview of Economic Systems

Curated by ACT

By the end of this section, you will be able to contrast traditional economies, command economies, and market economies; explain gross domestic product (GDP); and assess the importance and effects of globalization.

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Concepts
market economies, economic systems, gross domestic product
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Additional Tags
command economies, traditional economies, ap macroeconomics, overview of economic systems, regulations: the rules of the game, rise of globalization, texas gateway, texas gateway: how economies can be organized: an overview of economic systems, gross domestic product (gdp)
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional