This essay focuses on The Economic System. For Economic System: The choices are Command Economy, Market Economy, and Mixed Economy (Yes, Command is like Communism; Market is like Capitalism, and Mixed is like Socialism).
Island Sim: Island Name, Population Roster, Economic System, Flag
Firstly, For Island Name:
Secondly, Be creative but school appropriate.
Thirdly, Don’t just use ONE last name.
In addition, For Population Roster:
Firstly, If you have “imaginary friends” on your island (because there are less than 4 real people in your group),
Secondly, place their names in quotation marks (this is a change from original instructions to italicize)
Further, For Economic System:
The choices are
Firstly, Command Economy,
Secondly, Market Economy,
Thirdly, and Mixed Economy(Yes, Command is like Communism; Market is like Capitalism, and Mixed is like Socialism).
Additionally, If you use mix, specify what parts of the economy the government would and would not own
Moreover, For Flag:
Firstly, Choose your colors carefully and explain WHY they were chosen
Secondly, what they MEAN Include at least one symbol
Thirdly, explain WHY they were chosen
Lastly, what they MEAN You may draw this by hand
Finally, and scan in OR you may create it digitally.
The choice is yours.
**Upload a Word or GoogleDoc here with all four parts done.
** One upload is fine for the group.
An economic system is a means by which societies or governments organize and distribute available resources, services,
and goods across a geographic region or country.
Economic systems regulate the factors of production, including land, capital, labor, and physical resources.
An encompasses many institutions, agencies, entities, decision-making processes,
and patterns of consumption that comprise the structure of a given community.