The government’shands offapproach to allowthe free market tooccur  A negativeconsequenceof capitalism  WroteWealth ofNations   A negativetrait of aplannedeconomy  Mostmarketstoday are:This type ofeconomypreventsmonopolies inkey industries Metaphor for theunseen forces,like self-interest,that move thefree market  Phrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  Wrote theCommunistManifestoWhocontrolsthe markettodayEconomicsystem wheregovernmentcontrols theeconomyCommandsystemprevents thisin keyindustriesSelf-regulatedeconomy thatruns on thelaws of demandand supply  Under this,privatepropertydoes notexistExample ofinfrastructurenot owned ina plannedeconomyWhatdetermines/movesthe market,determines what isproduced and bywhom The price ofgoods andservices isdriven by this ina free market  Who decidesprices andsalaries in acommandsystem  AncientGreekphilosopherwhose utopiawas socialistRule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Where workersjoin together tooverthrow thecapitalist classProtectssocietiesmostvulnerablefinanciallyCountry inthe worldwith fullcommandeconomy This is adifferencebetweencommunismand socialismThe government’shands offapproach to allowthe free market tooccur  A negativeconsequenceof capitalism  WroteWealth ofNations   A negativetrait of aplannedeconomy  Mostmarketstoday are:This type ofeconomypreventsmonopolies inkey industries Metaphor for theunseen forces,like self-interest,that move thefree market  Phrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  Wrote theCommunistManifestoWhocontrolsthe markettodayEconomicsystem wheregovernmentcontrols theeconomyCommandsystemprevents thisin keyindustriesSelf-regulatedeconomy thatruns on thelaws of demandand supply  Under this,privatepropertydoes notexistExample ofinfrastructurenot owned ina plannedeconomyWhatdetermines/movesthe market,determines what isproduced and bywhom The price ofgoods andservices isdriven by this ina free market  Who decidesprices andsalaries in acommandsystem  AncientGreekphilosopherwhose utopiawas socialistRule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Where workersjoin together tooverthrow thecapitalist classProtectssocietiesmostvulnerablefinanciallyCountry inthe worldwith fullcommandeconomy This is adifferencebetweencommunismand socialism

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