Georgia standard · Social Studies

`SSEF3`Economic Systems Overview

Analyze how economic systems influence the choices of individuals, businesses, and governments.

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Expectations

SSEF3a
Analyze how command, market and mixed economic systems answer the three basic economic questions (what to produce, how to produce, and for whom to produce) to prioritize various social and economic goals such as freedom, security, equity, growth, efficiency, price stability, full employment, and sustainability.
SSEF3b
Compare the roles of government in different economic systems with regards to providing public goods and services, redistributing income, protecting property rights, resolving market failures, regulation and providing consumer protections.

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