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Elements of Culture- Economy

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/

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