Market vs Command Economies
Today you are researching the two major types of economies, command and market. You will use the links below to fill in the graphic organizer. Then answer the questions below.
The Guardian
Index Mundi
Index of Economic Freedom
CIA.gov
Quickonomics
South Korea
North Korea
Natural Resources
Land Use
Industries
Population
Literacy Rate
Infant Mortality
Life Expectancy
Government Type
GDP Per Capita
Exports ($)
Imports ($)
Is Famine a Problem?
Economic System
Economic Freedom Index and Rank
Debrief Questions:
1. Which country has access to more natural resources?
2. Why do you think one country is dealing with a famine and the other is not (even though their land use devoted to agriculture is similar)?
3. Who controls the resources and answers the three basic questions in each country?
4. Where would you want to live? Justify your answer using your research.