Evaluate the different economic systems in the Eastern Hemisphere, utilizing economic data
Describe how economic systems in the Eastern Hemisphere address the problem of scarcity.
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Describe the role of competition in the determination of prices and wages in a market economy.
Describe how economic systems in the Western Hemisphere (such as traditional, command, market, and mixed) allocate resources.
Describe the characteristic of traditional, command, market, and mixed economic systems
Explore how different economic systems affect job and career options and the population’s standards of living
Compare the economic components of the different systems of government in the Western Hemisphere.