WroteWealth ofNations   Mostmarketstoday are:Wrote theCommunistManifestoThe government’shands offapproach to allowthe free market tooccur  Where workersjoin together tooverthrow thecapitalist classSelf-regulatedeconomy thatruns on thelaws of demandand supply  Who decidesprices andsalaries in acommandsystem  A negativeconsequenceof capitalism  Commandsystemprevents thisin keyindustriesThe price ofgoods andservices isdriven by this ina free market  Metaphor for theunseen forces,like self-interest,that move thefree market  Country inthe worldwith fullcommandeconomy This type ofeconomypreventsmonopolies inkey industries Economicsystem wheregovernmentcontrols theeconomyUnder this,privatepropertydoes notexistWhocontrolsthe markettodayA negativetrait of aplannedeconomy  ProtectssocietiesmostvulnerablefinanciallyThis is adifferencebetweencommunismand socialismPhrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  Rule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Example ofinfrastructurenot owned ina plannedeconomyWhatdetermines/movesthe market,determines what isproduced and bywhom AncientGreekphilosopherwhose utopiawas socialistWroteWealth ofNations   Mostmarketstoday are:Wrote theCommunistManifestoThe government’shands offapproach to allowthe free market tooccur  Where workersjoin together tooverthrow thecapitalist classSelf-regulatedeconomy thatruns on thelaws of demandand supply  Who decidesprices andsalaries in acommandsystem  A negativeconsequenceof capitalism  Commandsystemprevents thisin keyindustriesThe price ofgoods andservices isdriven by this ina free market  Metaphor for theunseen forces,like self-interest,that move thefree market  Country inthe worldwith fullcommandeconomy This type ofeconomypreventsmonopolies inkey industries Economicsystem wheregovernmentcontrols theeconomyUnder this,privatepropertydoes notexistWhocontrolsthe markettodayA negativetrait of aplannedeconomy  ProtectssocietiesmostvulnerablefinanciallyThis is adifferencebetweencommunismand socialismPhrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  Rule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Example ofinfrastructurenot owned ina plannedeconomyWhatdetermines/movesthe market,determines what isproduced and bywhom AncientGreekphilosopherwhose utopiawas socialist

Economic Ideas Bingo - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. Wrote Wealth of Nations
  2. Most markets today are:
  3. Wrote the Communist Manifesto
  4. The government’s hands off approach to allow the free market to occur
  5. Where workers join together to overthrow the capitalist class
  6. Self-regulated economy that runs on the laws of demand and supply
  7. Who decides prices and salaries in a command system
  8. A negative consequence of capitalism
  9. Command system prevents this in key industries
  10. The price of goods and services is driven by this in a free market
  11. Metaphor for the unseen forces, like self-interest, that move the free market
  12. Country in the world with full command economy
  13. This type of economy prevents monopolies in key industries
  14. Economic system where government controls the economy
  15. Under this, private property does not exist
  16. Who controls the market today
  17. A negative trait of a planned economy
  18. Protects societies most vulnerable financially
  19. This is a difference between communism and socialism
  20. Phrase meaning: the primary focus is on producing what people need, not highest profit margin
  21. Rule that people should compete freely without interference from government or any other outside force
  22. Example of infrastructure not owned in a planned economy
  23. What determines/moves the market, determines what is produced and by whom
  24. Ancient Greek philosopher whose utopia was socialist