Warm-Up: What is the difference between revenue and profit.

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Warm-Up: What is the difference between revenue and profit.

Objective SWBAT compare and contrast free enterprise, socialist, and communist economies

Three Economic Questions What goods and services are produced? How will goods and services be produced? Who will get the goods and services?

Crash Course – Intro. to Economic Systems As we watch the video, please answer the accompanying questions. http://safeshare.tv/v/ss56fe706eb1b18

How Communist is China? Slate article Read the article with your group and decide which elements of China’s economic system are more market and which are more command.

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