Example ofinfrastructurenot owned ina plannedeconomyThe price ofgoods andservices isdriven by this ina free market  Economicsystem wheregovernmentcontrols theeconomyWroteWealth ofNations   Mostmarketstoday are:Commandsystemprevents thisin keyindustriesRule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Country inthe worldwith fullcommandeconomy A negativeconsequenceof capitalism  Self-regulatedeconomy thatruns on thelaws of demandand supply  This type ofeconomypreventsmonopolies inkey industries This is adifferencebetweencommunismand socialismPhrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  Whatdetermines/movesthe market,determines what isproduced and bywhom Metaphor for theunseen forces,like self-interest,that move thefree market  Where workersjoin together tooverthrow thecapitalist classA negativetrait of aplannedeconomy  ProtectssocietiesmostvulnerablefinanciallyAncientGreekphilosopherwhose utopiawas socialistUnder this,privatepropertydoes notexistThe government’shands offapproach to allowthe free market tooccur  Whocontrolsthe markettodayWrote theCommunistManifestoWho decidesprices andsalaries in acommandsystem  Example ofinfrastructurenot owned ina plannedeconomyThe price ofgoods andservices isdriven by this ina free market  Economicsystem wheregovernmentcontrols theeconomyWroteWealth ofNations   Mostmarketstoday are:Commandsystemprevents thisin keyindustriesRule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Country inthe worldwith fullcommandeconomy A negativeconsequenceof capitalism  Self-regulatedeconomy thatruns on thelaws of demandand supply  This type ofeconomypreventsmonopolies inkey industries This is adifferencebetweencommunismand socialismPhrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  Whatdetermines/movesthe market,determines what isproduced and bywhom Metaphor for theunseen forces,like self-interest,that move thefree market  Where workersjoin together tooverthrow thecapitalist classA negativetrait of aplannedeconomy  ProtectssocietiesmostvulnerablefinanciallyAncientGreekphilosopherwhose utopiawas socialistUnder this,privatepropertydoes notexistThe government’shands offapproach to allowthe free market tooccur  Whocontrolsthe markettodayWrote theCommunistManifestoWho decidesprices andsalaries in acommandsystem  

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