“Money makes the world go ’round” or maybe you have heard “Do you have McDonald’s money?” from your parent.

 

These phrases come from theories of economics, buying power, and international trade. There are many different types of economies. Think about it this way: there are many different ways to trade and exchange goods and services for something of value. Usually this valuable object is money.

SS6E7 – Analyze different economic systems: a ) Compare how traditional, command, and market economies answer the economic questions of 1-what to produce, 2-how to produce, and 3-for whom to produce.