Oklahoma Social Studies 7.C.7.2
The Standard
- 7.C.7
- Examine and compare economic systems as means by which governments organize and distribute available resources, services, and goods.
Compare the advantages and disadvantages of the traditional, market, and command economic systems, including how government policies affect economic activities and trade relationships among nations.
Oklahoma Academic Standards for Social Studies (2026) · 7.C.7
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students explain who makes decisions about work, production, and prices in traditional, market, and command economies. They compare a benefit and a drawback of each system. They predict how government rules can change trade between countries.
What Mastery Looks Like
- For each system, students can name a benefit and a cost, such as stability versus limited choice or coordinated production versus shortages. They can explain how a tariff might raise prices for buyers and strain relations with a trading partner.
Common Misconceptions
- Students may assume traditional economies have no trade or market economies have no government rules. They may think the exporting country pays a tariff or that a tariff stops all trade.
How to Assess It
- Exit ticket: A town assigns jobs by family custom, another lets shops set prices, and a third has officials set production. Name each system, give one benefit and drawback of each, then explain how a tariff on imported wheat could affect buyers and a trading partner.
Lesson moves
Ways to Teach It
Give groups paper bread cards and play money; allocate bread by family custom, bidding, or teacher orders, then compare outcomes.
Ask students to write: 'Which bread system handles a shortage fairly, and who might disagree? Give one benefit and one cost.'
Run a three-corner sort with cards: 'inherit fishing jobs,' 'shops set prices,' and 'officials set factory output'; students defend placements.
Give students a $20 imported shoe tag and a $5 tariff; ask for the new price and one response from the exporting country.
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Related Standards
- 6.P.2.4.B
Identify different types of economic systems, comparing advantages and disadvantages for citizens and the growth of a nation’s economy.
- E.C.2.1
Compare traditional, market (free enterprise), command, and mixed economic systems, and explain how each addresses the three basic economic questions of what to...
- 8.P.2.4.B
Identify different types of economic systems, comparing advantages and disadvantages for citizens and the growth of a nation’s economy.
- 6.C.6.2.A
Define the characteristics of traditional, market, and command economic systems.
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