Define economic system


Resources: Mind Map Podcast, Example Mind Map

Create a Mind Map using a tool such as Popplet, Mindmeister, GoConqr, or a Microsoft Word document in which you do the following:

  • Define each economic system.
  • Provide an example of each economic system.
  • Compare the pros and cons of each economic system.
  • Identify the economic system we have in the United States.
  • Explain why it is important to have an economic system.

Your Mind Map should be between 525 to 700 words total.

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Macroeconomics: Define economic system
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