Tags » Economic Systems


These are the words that grabbed my attention yesterday while I was flipping through the pages of a book on ‘Economic Systems’ which was in the final year of my B.A. 567 more words

AS Revision - Economic Systems

Here is some revision material on economic systems. It goes through the features of the market, command and mixed economies. Below is a screenshot of the information but you can download the word document by clicking on the link – ECONOMIC SYSTEMS.

Economic Systems

The Invisible Hand

Watch this video before our next lesson and try to understand the key elements of Adam Smith’s landmark theory.

Y12 Microeconomics

Econ: Systems Strengths and Weaknesses

One of the few advantages existing in a traditional economy is that the roles of individuals are clearly defined. Every member of the society knows exactly what they are to do and most don’t have any complaints about it. 537 more words


Solving the Economic Problem

Economics addresses the central issue of how scarce resources can be used in the most efficient way to produce the goods and services that consumers need and want. 294 more words

Y12 Microeconomics

Econ: Economic Systems

Just as forms of government vary from one nation to the next, so do economic systems. People and societies organize economic life to deal with the basic problems raised by scarcity and opportunity cost through what is called an economic system. 106 more words