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What, How and For Whom to Produce?
Source: Council for Economic Education (EconEdLink) | Type: Lesson

Students produce badges as rewards for the best economists in the class. Through this production activity, they learn how command and market economies answer the basic economic questions: What to produce? How to produce? For whom to produce?

Grades:

• 3-5
• 6-8

Concepts:

• Markets
• Productive Resources

Standards:

• Economics 3: Allocation of Goods and Services

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