Mr. Gunnells' Social Studies Class
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  • GLCE's
    • History >
      • History in Temporal Terms
      • Era 1 Beginnings to 4000 BC
      • Era 2 Early Civilizations and Pastoral Societies
      • Era 3 Classical Traditions and Major Empires
    • Geography >
      • Spatial Terms
      • Places and Regions
      • Physical Systems
      • Human Systems
      • Environment and Society
      • Global Issues Past and Present
    • Civics and Government >
      • Purpose of Government
      • Structure and Functions of Government
      • Relationship of US to other Nations
    • Economics >
      • Market Economy
      • National Economy
      • International Economy
    • PD, DM & CI
  • Class Calendar
  • 20th Cen Wars
  • Units
    • 7th Grade Curriculum >
      • U1: Intro to World Hist
      • U2: Beginnings of Human Societies
      • U3: Early Civilizations
      • U:4 The Rise of Empires
      • U5: The Fall of Empires
      • U:6 Patterns of Adaption and Reorganizing
  • Student Work Samples
  • Multimedia
  • About Mr. G

Market Economy

Describe the market economy in terms of the relevance of limited resources, how individuals and institutions make  and evaluate decisions, the role of incentives, how buyers and sellers interact to create markets, how markets allocate  resources, and the economic role of government in a market economy.

Individual, Business and Government Choices

Describe how individuals, businesses and government make economic decisions when confronting scarcity in the 
market economy .

6-E1.1.1 Explain how incentives vary in different economic systems (e.g. acquiring money, profit, goods, wanting to avoid loss in position in society, job placement)

7-E1.1.1 Circular Flow Model
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  • Home
  • GLCE's
    • History >
      • History in Temporal Terms
      • Era 1 Beginnings to 4000 BC
      • Era 2 Early Civilizations and Pastoral Societies
      • Era 3 Classical Traditions and Major Empires
    • Geography >
      • Spatial Terms
      • Places and Regions
      • Physical Systems
      • Human Systems
      • Environment and Society
      • Global Issues Past and Present
    • Civics and Government >
      • Purpose of Government
      • Structure and Functions of Government
      • Relationship of US to other Nations
    • Economics >
      • Market Economy
      • National Economy
      • International Economy
    • PD, DM & CI
  • Class Calendar
  • 20th Cen Wars
  • Units
    • 7th Grade Curriculum >
      • U1: Intro to World Hist
      • U2: Beginnings of Human Societies
      • U3: Early Civilizations
      • U:4 The Rise of Empires
      • U5: The Fall of Empires
      • U:6 Patterns of Adaption and Reorganizing
  • Student Work Samples
  • Multimedia
  • About Mr. G