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  • November 07,2023 Unit Test Econ 10 Chapter 2 Section 1

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    Ringle Job
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    This document contains instructions for a classwork assignment on economic systems. Students are asked to answer questions about the characteristics of a traditional economy, define an economic system and its importance, give an example of a traditional economic activity still present in modern market economies along with its importance. They also must draw a chart comparing traditional, command, and market economic systems, listing the advantages and disadvantages of each.

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    November 07,2023 Unit Test Econ 10 Chapter 2 Section 1

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    This document contains instructions for a classwork assignment on economic systems. Students are asked to answer questions about the characteristics of a traditional economy, define an economic system and its importance, give an example of a traditional economic activity still present in modern market economies along with its importance. They also must draw a chart comparing traditional, command, and market economic systems, listing the advantages and disadvantages of each.

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    2 views1 page

    November 07,2023 Unit Test Econ 10 Chapter 2 Section 1

    Uploaded by

    Ringle Job
    This document contains instructions for a classwork assignment on economic systems. Students are asked to answer questions about the characteristics of a traditional economy, define an economic system and its importance, give an example of a traditional economic activity still present in modern market economies along with its importance. They also must draw a chart comparing traditional, command, and market economic systems, listing the advantages and disadvantages of each.

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    NAME: _____________________________ DATE: ___________________ SCORE: ___/30

    CLASSWORK CHAPTER 2 – SECTION 1

    DIRECTIONS: Supply the correct answer to each of the question. If the question warrants you to
    explain, please elaborate your response by explaining in your own understanding the topic being
    asked for and giving concrete example to support and clarify your answer. Again, do not just
    settle a non-informative answer but be practical in answering and detailed. Write your response on
    the space provided or on the other sheet of paper.

    1-2 Describe the characteristics of a traditional economy.

    3-4 Explain what is an economic system and its importance.

    5-7 Give an example of an economic activity from a traditional economy that is seen in today’s
    market economy. Describe how important this activity is for the economy.

    8-30 Draw completely the Chart of Comparing Economic Systems along with the Advantages and
    Disadvantages that is classified accordingly below.

    Traditional = 2 Advantages and 3 Disadvantages


    Command = 3 Advantages and 5 Disadvantages
    Market = 6 Advantages and 4 Disadvantages

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