Economic Systems

Every nation has an economy; however, not every nation chooses to organize its economy in the same way. Throughout this topic, you will learn about the economic systems of the United States and other nations. You will also learn about the relationship between the United States and the global economy.

Essential Questions

• What are the differences between free market, command, traditional, and mixed economies?
• How does the government’s role in the economy affect individual economic freedoms?
• How does trade impact the global economy?