Economicsystem wheregovernmentcontrols theeconomyProtectssocietiesmostvulnerablefinanciallyWhocontrolsthe markettodayPhrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  AncientGreekphilosopherwhose utopiawas socialistMetaphor for theunseen forces,like self-interest,that move thefree market  WroteWealth ofNations   Mostmarketstoday are:A negativeconsequenceof capitalism  The government’shands offapproach to allowthe free market tooccur  A negativetrait of aplannedeconomy  The price ofgoods andservices isdriven by this ina free market  Under this,privatepropertydoes notexistThis type ofeconomypreventsmonopolies inkey industries Self-regulatedeconomy thatruns on thelaws of demandand supply  Who decidesprices andsalaries in acommandsystem  Rule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Commandsystemprevents thisin keyindustriesThis is adifferencebetweencommunismand socialismWrote theCommunistManifestoWhere workersjoin together tooverthrow thecapitalist classExample ofinfrastructurenot owned ina plannedeconomyCountry inthe worldwith fullcommandeconomy Whatdetermines/movesthe market,determines what isproduced and bywhom Economicsystem wheregovernmentcontrols theeconomyProtectssocietiesmostvulnerablefinanciallyWhocontrolsthe markettodayPhrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  AncientGreekphilosopherwhose utopiawas socialistMetaphor for theunseen forces,like self-interest,that move thefree market  WroteWealth ofNations   Mostmarketstoday are:A negativeconsequenceof capitalism  The government’shands offapproach to allowthe free market tooccur  A negativetrait of aplannedeconomy  The price ofgoods andservices isdriven by this ina free market  Under this,privatepropertydoes notexistThis type ofeconomypreventsmonopolies inkey industries Self-regulatedeconomy thatruns on thelaws of demandand supply  Who decidesprices andsalaries in acommandsystem  Rule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Commandsystemprevents thisin keyindustriesThis is adifferencebetweencommunismand socialismWrote theCommunistManifestoWhere workersjoin together tooverthrow thecapitalist classExample ofinfrastructurenot owned ina plannedeconomyCountry inthe worldwith fullcommandeconomy Whatdetermines/movesthe market,determines what isproduced and bywhom 

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