Economic systems

Traditional or subsistence economies: video.
       What is a traditional economy?
            Advantages and disadvantages of the traditional economy.
            Asia: subsistence farming.


Modern economies:

      Planned or command economies: communism.
            Command economy facts.
            What is a command economy?: video.

      Market or capitalist economies: capitalism.
            Market economy.
            Market economy facts. Capitalism facts.
                  Supply and demand: examples, video 1, video 2 (explained in one minute) and  quiz.
            German economy.
            Australian economy.

      Mixed economies: video.
            Mixed economies and its advantages and disadvantages.