Title: Unit 3: Economic Systems Curriculum Alignment (Teacher Only)
Course: Alabama Economics Sample Syllabus > Section: Unit 3: Economic Systems

3. Describe different economic systems used to allocate scarce goods and services.

• Defining command, market, and mixed economic systems
• Describing how different economic systems answer the three basic economic questions of what to produce, how to produce, and for whom to produce
• Evaluating how each type of system addresses private ownership, profit motive, consumer sovereignty, competition, and government regulation