1. Task: Create a children’s book that describes the economic systems from your notes
(traditional, command, market, and mixed). Describe each system in your own
words. Your book should focus on this overarching theme: Why do countries need
economic systems?Furthermore, your book will answer the following questions
about each economic system:
In each of the economic systems who determines:
1. What to produce?
2. How to produce?
3. And whom to produce for?
In each of the economic systems:
1. What is the role of the consumer (person who buys a good or service)?
2. What is the role of the producer (person who makes a good or service)?
Requirements:
ACC 10 pages, CCP 8 pages.
You must answer the questions above for each economic systems
Your book must demonstrate an understanding of each system and describe
each in the simplest terms.