Name_______________________
Consumer Economics
Comparative Systems Worksheet-Part II
Use your notes to answer the following questions
1. What is an economic system?
2. Define/Describe in your own words the major economic systems
Traditional Economy
Command Economy
Market Economy
Mixed Economy
Use your CIA World Fact Book research to answer the following questions:
3. Describe life in North Korea.
4. How is life different in Chad?
5. What about Sweden?
6. The US?
7. Mexico?
8. How do natural resources and arable land (land that can be used for farming) affect
a country?
9. What can life expectancy (how long people live) and literacy rates (how many people
can read) tell you about workers in a nation?
10. What can GDP per capita (amount of money a country makes per person) tell you
about life in that country?
11. What do poverty rates tell you about life in a country?
12. If a majority of a countries jobs are in agriculture what can you determine about that
country?
13. If a country has a large number of jobs in industrial/service sector what can you
determine about that country?
14. What can information about a countries electricity, communication, and
transportation tell you about its potential for growth?
15. Developing countries face a lack of natural resources, labor problems and a lack of
capital. What can they do to overcome this and develop?
Use what you know about economic systems, your research and the example
below to identify the economic system of each of the countries you studied. Give
evidence to support your conclusion. (Hint: There is a very helpful chart on page
35 of your book.)
Country
Economic System
Evidence
Sweden
Gov’t provides services for people
Mixed
United
States
Gov’t sets and enforces regulations
Command and
Individuals make decisions
Market
Businesses are free to provide what people
want
North
Korea
Chad
Mexico