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

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