Economic Systems
672 resources created by 544 users
This Economic Systems page on GoConqr gathers community-made mind maps, flashcards, quizzes and notes on free market, command, mixed and traditional economies, plus capitalism and socialism. It's built for school students revising the topic, and for teachers after ready-made material, with a little for university students too. There are over 650 resources here, including more than 20 quizzes and over 500 mind maps, and several mention GCSE Economics, IGCSE Economics and LC Business. Pick a resource, try a quiz, then see what you remember.
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Top Economic Systems resources
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16 cardsSection 2 - learning objectives 9-12 resource allocation and types of economies resource allocation and types of economies
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Mind map Free Market and Command Economies -
Mind map Capitalism -
Mind map Capitalism VS Socialism -
Mind map Comparing Capitalism Socialism, Communism
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12 questionsEconomy Unit 5 of 6
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Mind map Economic Systems BUS212 Week 3 assignment
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Mind map Economic Systems (mixed economy)
Quizzes
See all 23 quizzesMind maps
See all 554 mind maps-
Free Market and Command Economies
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Capitalism
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Capitalism VS Socialism
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Comparing Capitalism Socialism, Communism
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Economic Systems BUS212 Week 3 assignment
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Economic Systems (mixed economy)
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Comparing Capitalism Socialism, Communism (bibliography in the description) https://docs.google.com/a/kas.kh.edu.tw/document/d/1ltpmWLXX89-f7jw5mveIqLONToEEDY_ISKrkd-ZnX8c/edit?usp=sh...
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types of economy Advantages and advantages of free market economies and command economies. Plus the role of the state in a m...
Flashcards
See all 54 flashcards-
16 cardsSection 2 - learning objectives 9-12 resource allocation and types of economies resource allocation and types of economies
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29 cardsMarkets What is an example of a free market economy?
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25 cardsEconomics Unit 12 What are the three fundamental economic questions?
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10 cardsEconomic Systems and Money Economic Systems and Money
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9 cardsCapitalism
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3 cardsECONOMICS CH 1 TYPES OF ECONOMY & OTHER RELATED TERMS
Notes
See all 28 notes-
Study Design Economics AOS1: The Market System and Resource AllocationKey knowledge This knowledge includes • key economic concepts including relative scarcity, opportunity cost and the efficient allocation of resources; • economic factors ...
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Economics 3 Economic Questions- What to produce?-How to produce?-For whom to produce? Economic SystemsTraditional System Command System Market System Mixed Market Circular FlowHousehold- the consumer itselfFirms- the producersO...
Slides
Topics in Economic Systems
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About Economic Systems
GoConqr OriginalWhat the resources cover
The page centres on one big question: how does a society decide what to make, how to make it and who gets it? The flashcard deck on resource allocation and types of economies lists these three questions and then moves on to traditional, command, market and mixed systems. Many other maps and notes repeat the same structure in different words, so you can pick the style that suits you.
Where to start
Begin with the Free Market and Command Economies mind map. It defines a free market economy as one where market forces guide resource allocation, and gives command economies such as North Korea and Cuba as examples. Then open the notes titled Answering the Three Economic Questions, or the mind map The Economic Systems, which sets market, command and mixed economies side by side.
Going deeper
- Capitalism: the Capitalism mind map explains private ownership and production for profit, while US Democratic Capitalism looks at competition, private property and free market trade.
- Comparing systems: Capitalism VS Socialism brings in Karl Marx, classic and modern socialism, and social programmes.
- Markets at work: the slides on how the market works and market failure cover private decisions and limited government interference.
- Exam wording: GCSE Economics: Types of Market is a handy check for GCSE-style language.
Using quizzes and maps together
Read a map first, then take a quiz such as Answering the Three Economic Questions or Free Market, Planned, and Modern Economies. Note the questions you miss, go back to the matching map branch, and try again. Flashcard decks such as Free market economies, mixed economy and command economy help fix the key terms.
Where this unit fits
Economic Systems sits in the Foundations of Economics strand of the Economics subject. It gives the vocabulary that later topics rely on. Teachers can set a map or deck as a starter task, and students can browse until something fits.
Choose one resource, work through it, and then make your own map or flashcards to test yourself.
Frequently asked questions
Which resource should I open first?
Start with the Free Market and Command Economies mind map. It gives short definitions and country examples, so you get the basic contrast quickly. After that, try the flashcard deck on resource allocation and types of economies, which covers the three economic questions and the main system types.
What do the mind maps on this page cover?
They cover market, command, mixed and traditional economies, along with capitalism, socialism and communism. Some look at particular cases, such as the Canadian market economy and US Democratic Capitalism. Others cover barriers to entry, factors determining economic activity and how economic systems might affect quality of life.
Are the resources free to use?
Yes. Every resource listed here is free to open, study and take, and you don't need an account. They were made by GoConqr users rather than by GoConqr itself, so styles and depth vary. Browse a few on the same topic and use the ones that suit you.
Which levels and exams do these resources suit?
Most are aimed at school students, and several mention GCSE Economics, IGCSE Economics or LC Business. A smaller share is at university level, so some items may feel more advanced. Teachers can use the maps, slides and notes as ready-made starting points for lessons.
How can I test myself on this topic?
Try the quizzes, including Answering the Three Economic Questions, Free Market, Planned, and Modern Economies, and COMMAND ECONOMIES RECAP. Flashcard decks on capitalism, markets and command economies are good for quick recall. A free account saves your quiz scores and lets you build your own quizzes, maps, flashcards and notes.
What if I can't find what I need?
Try a different wording, such as market economy, planned economy or capitalism, because creators title things differently. Many maps have matching notes made from them, which can help. If a gap remains, you can make your own map or flashcards to fill it.