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TODAY STUDENTS WILL: ,[object Object],Warm Up: Fill in the blank: There are not enough _____________ to satisfy human wants so ______________ exists. Since we can’t have everything we want, we must make choices. What we give up to make an economic decision is called an ______________ _____________.
INTRODUCTION ,[object Object],[object Object],[object Object],[object Object]
“ THE BEAD SIMULATION” ,[object Object],[object Object],[object Object],[object Object]
TRADITIONAL ECONOMY “THAT’S THE WAY WE’VE ALWAYS DONE IT VILLE” ,[object Object],[object Object],[object Object]
COMMAND ECONOMY “WE DO WHAT WE’RE TOLD VILLE” ,[object Object],[object Object],[object Object]
MARKET ECONOMY “MAKE AS MUCH AS WE WANT VILLE” ,[object Object],[object Object],[object Object]
QUESTION… ,[object Object]
MIXED ECONOMY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Economic Systems Bead Simulation

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