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Economic Systems Video and Quiz
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool
This video teaches the concept of Economic Systems. Economic systems can be categorized according to who makes most of the decisions in an economy: by individuals and firms or by government officials.
Grades:
Concepts:
- Cost/Benefit Analysis
- Decision Making
- Economic Institutions
- Economic Systems
- Scarcity
Standards:
- Economics 1: Scarcity
- Economics 2: Marginal Cost/Benefit
- Economics 3: Allocation of Goods and Services
- Economics 4: Role of Incentives
Related Resources:
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