Comparing Economic Systems for 1st Grade
This 5-page packet introduces 1st graders to the basic concepts of traditional, command, and market economies. It includes guided notes, practice problems, and an exit ticket to check for understanding of what, how, and for whom goods and services are produced. The packet also touches on the idea of mixed economies.
“A mini lesson with guided notes, practice problems, and exit ticket for a. Compare how traditional, command, and market economies answer the economic questions of 1-what to produce, 2-how to produce, and 3-for whom to produce. b. Explain that countries have a mixed economic system located on a continuum between pure market and pure command.”
Teacher Guide & Tips
- Use this packet as a 45-minute introduction to economic systems, perhaps as a whole-class lesson or in small groups.
- Discussion question: Which type of economy do you think would be best for our community, and why?
- For struggling readers, pre-teach key vocabulary like 'economy,' 'produce,' and 'market.'
- Advanced learners can research a specific country and identify elements of its mixed economy.
- Estimated time: 45 minutes.
What is Diffit?
Teachers use Diffit to get quality materials for their unique classrooms. Adjust difficulty, add scaffolds, or change the topic to get started.
Try Diffit for free“A mini lesson with guided notes, practice problems, and exit ticket for a. Compare how traditional, command, and market economies answer the economic questions of 1-what to produce, 2-how to produce, and 3-for whom to produce. b. Explain that countries have a mixed economic system located on a continuum between pure market and pure command.”
Teacher Guide & Tips
- Use this packet as a 45-minute introduction to economic systems, perhaps as a whole-class lesson or in small groups.
- Discussion question: Which type of economy do you think would be best for our community, and why?
- For struggling readers, pre-teach key vocabulary like 'economy,' 'produce,' and 'market.'
- Advanced learners can research a specific country and identify elements of its mixed economy.
- Estimated time: 45 minutes.
Comparing Economic Systems for 1st Grade
This 5-page packet introduces 1st graders to the basic concepts of traditional, command, and market economies. It includes guided notes, practice problems, and an exit ticket to check for understanding of what, how, and for whom goods and services are produced. The packet also touches on the idea of mixed economies.
What is Diffit?
Teachers use Diffit to get quality materials for their unique classrooms. Adjust difficulty, add scaffolds, or change the topic to get started.
Try Diffit for free