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Sixth Grade Social Studies
Unit 1: Foundations in Social Studies
SS060108
Lesson 8
Graphic Organizer
Traditional
Economy
Command
Economy
Market
Economy
Mixed
Economy
Four Basic
Economic
Systems
Different
Economic
Systems
Geographers use
economic
indicators to
measure economic
development.
Nations are either
developing or
developed.
Page 1 of 7
July 8, 2009
Sixth Grade Social Studies
Unit 1: Foundations in Social Studies
SS060108
Lesson 8
Big Ideas of Lesson 8, Unit 1
1. Economic systems are different ways that people use resources to make and
exchange goods and services.
2. There are four basic economic systems existing throughout the world.
3. The four economic systems used in the world are traditional, command,
market, and mixed.
4. Geographers look at figures such as literacy rate, life expectancy, and Gross
Domestic Product to measure economic development.
5. Some countries have a wide mix of economic activities, while others may have
only one or two main economic activities.
6. Geographers group the countries of the world into groups based on their level
of economic development.
7. Countries are divided into 2 categories based on economic development:
developing or developed nations.
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July 8, 2009
Sixth Grade Social Studies
Unit 1: Foundations in Social Studies
SS060108
Lesson 8
Word Cards
73. economic
systems
74. traditional
economy
different ways that
people use resources to make and
exchange goods and services
goods and services are traded, but
money is rarely exchanged
Example: Bartering is the oldest economic
system in the world.
Example: A traditional economy is more
likely to be in a remote community in which
people grow their own food and make their
own goods.
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75. barter
76. market economy
what is produced and
distributed is based on
what consumers are willing to buy
and the price they will pay
to trade
Example: He bartered and traded a pencil
for a ruler in the class barter game.
Example: In a market economy, the price
people are willing to sell goods for depends
on the price people are willing to pay.
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77. command
economy
78. mixed
economy
a central authority
plans and controls what is
produced and distributed
a combination of command and
market economies
Example: In a command economy prices
are set by the central authority.
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Example: In countries with mixed
economies, the government may own some
industries, while others belong to private
owners.
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July 8, 2009
Sixth Grade Social Studies
Unit 1: Foundations in Social Studies
SS060108
Lesson 8
79. economic
indicator
80. Gross Domestic
Product (GDP)
data that helps to show the
economic condition of a country
the total value of all the goods and
services produced in an economy
in a given year
Example: The Gross Domestic Product is
an example of an economic indicator.
Example: The Gross Domestic Product is
an example of an economic indicator.
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81. Per Capita
Income
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82. life
expectancy
the amount of
money people make in a country,
divided by the number of people in
the country
the average life
span of a newborn; life expectancy
is an indicator of the overall health
of a country
Example: In wealthy countries the Per
Capita Income is high.
Example: The higher the life expectancy,
the better economic shape a country is in.
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83. infant
mortality
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84. literacy
the number of deaths of infants,
one year or younger
Example: The infant mortality rate has
continued to decline over the past several
years.
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the ability to read
and write
Example: Literacy is important because it
affects people’s ability to prepare for and
hold jobs.
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July 8, 2009
Sixth Grade Social Studies
Unit 1: Foundations in Social Studies
SS060108
Lesson 8
85. developing
countries
86. developed
countries
countries with less
productive economies and a lower
quality of life
countries with strong
economies and a high quality of life
Example: Almost two-thirds of the people
in the world live in developing countries.
Example: Developed countries like the
United States and Germany have a higher
per capita GDP and high levels of
industrialization.
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July 8, 2009
Sixth Grade Social Studies
Unit 1: Foundations in Social Studies
SS060108
Lesson 8
TYPES OF ECONOMIC SYSTEMS
TRADITIONAL
MARKET
COMMAND
MIXED
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July 8, 2009
Sixth Grade Social Studies
Unit 1: Foundations in Social Studies
SS060108
Lesson 8
COMPARING ECONOMIC DEVELOPMENT
Guided Notes
Directions: Use an atlas and the CIA World Factbook (online) to complete the
chart below. Compare the economic development of two countries in the Western
Hemisphere to that of the United States, Japan, and Germany to categorize them as
developed or developing nations.
Country
United
States
Status
GDP
GDP/
Infant
Life
Literacy
Person Mortality Expectancy
Rate
developed $13.84
trillion
$45,800
6.3
(per 1000
live births)
78.1
99%
Germany
developed
$3.3
trillion
$34,100
4.03
(per 1000
live births)
79.1
99%
Japan
developed
$4.3
trillion
$33,500
2.8
(per 1000
live births)
82.07
99%
Economic
Activities
fishing,
manufacturing/
commerce,
stock raising,
agriculture
agriculture,
manufacturing/
commerce
fishing,
agriculture,
manufacturing/
commerce
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July 8, 2009