Traditional Economies (7.C.7.2)
An economy based on customs and doing things “how they've always been done.”
What is a traditional economy?
In a market economy, who makes most economic decisions?
Consumers and producers (The People)
Which economy offers the greatest variety of goods?
Market economy.
The skill of taking turns, listening, and sharing ideas respectfully is called this.
What is discussion?
This method means “majority rules.”
What is voting?
Most jobs in a traditional economy involve these kinds of activities.
What is farming, herding, or hunting/fishing?
The main force that determines prices in a market economy.
Supply and demand.
Which economy is the most resistant to change?
Traditional economy.
This civil discourse skill involves two sides arguing their viewpoints respectfully.
What is debate?
This method requires EVERYONE to agree.
What is consensus?
The main advantage of a traditional economy.
What is stability or predictability?
One advantage of a market economy.
Freedom of Choice, innovation, or competition.
Which economy has the MOST government control?
Command economy.
In civil discourse, this term means showing understanding for someone else’s point of view.
What is empathy?
This method requires each side to give up a little to reach an agreement.
What is compromise?
One major disadvantage of traditional economies.
What is limited growth, low technology, or resistance to change?
One disadvantage of a command economy.
Lack of freedom, Limited choices, low quality goods, or lack of incentives.
Which economy allows competition between businesses?
Market economy.
One important rule for good civil discourse when speaking.
Speak respectfully, stay on topic, avoid interrupting, use evidence, etc.
This method involves talking openly in a group to share ideas.
What is discussion?
Give one example of a group that still uses a traditional economy today.
Indigenous tribes, Maasai, Inuit, rural villages, etc.
Give one modern example of a mostly command economy.
North Korea or Cuba.
Which economy tends to have slow technology development — and why?
Traditional economy — because people follow old customs and avoid change.
This civil discourse skill is used to reduce conflict by finding common ground and lowering tension.
What is Compromise?
A disagreement becomes easier to solve when groups use these TWO strategies together.
What are listening and respectful communication? (or empathy + evidence)