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Georgia standard · Social Studies

`SS7E4`Comparing Economic Systems

Analyze different economic systems.

Appears in: Social Studies, Grade 7

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Expectations

SS7E4.a
Compare how traditional, command, and market economies answer the economic questions of 1-what to produce, 2-how to produce, and 3-for whom to produce.
SS7E4.b
Explain that countries have a mixed economic system located on a continuum between pure market and pure command.
SS7E4.c
Compare and contrast the economic systems in Israel, Saudi Arabia, and Turkey.

Georgia Milestones coverage

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