One element of culture is ECONOMY.
Your job as a group is to make a Popplet that identifies the 4 types of economic systems.
You must:
- Provide a kid-friendly definition for Economy
- Explain a Traditional economic system and provide an example
- Explain a Market economic system and provide an example
- Explain a Command (planned) economic system and provide an example
- Explain a Mixed market economic system and provide an example
Be creative and have fun. Your Popplet must have at least three pictures. Your group will present your Popplet to the class for a presentation grade. Use the graphic organizer to make sure you have compiled all of the necessary information to create your popplet. The websites provided below are the only websites that you may use for this assignment. You may not copy word for word from any of these websites.
1. Definition of economy and Importance to Culture
http://www2.scholastic.com/browse/article.jsp?id=3750579 (Scroll down to economy definition)
http://internationalhr.wordpress.com/2009/06/08/why-culture-is-important-in-international-business/
http://library.thinkquest.org/03oct/00921/typesofeconomies.htm
2. Websites that discuss Traditional Economic systems
http://www.wisegeek.com/what-is-a-traditional-economy.htm
http://www.w-train.com/econ/handouts/gp_8/pd8_traditional.htm
http://www.curriculumlink.org/econ/materials/traditional.html
3. Websites that discuss Market Economic systems
http://www.infoplease.com/cig/economics/getting-organized-command-market-mixed-economies.html
http://myownmanifesto.wordpress.com/2009/01/11/a-great-example-of-the-free-market/
http://library.thinkquest.org/03oct/00921/typesofeconomies.htm
4. Websites that discuss Command (Planned) Economic systems
http://library.thinkquest.org/03oct/00921/typesofeconomies.htm
http://www.investorwords.com/951/command_economy.html
http://www.investopedia.com/terms/c/command-economy.asp#axzz1Ys1UeEHb
http://www.economywatch.com/economy-articles/command-economy.html
5. Websites that discuss Mixed Economic systems
http://www.norway.org/aboutnorway/economy/economy/mixed/
http://www.differencebetween.com/difference-between-market-economy-and-vs-mixed-economy/