AncientGreekphilosopherwhose utopiawas socialistProtectssocietiesmostvulnerablefinanciallySelf-regulatedeconomy thatruns on thelaws of demandand supply  Phrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  This type ofeconomypreventsmonopolies inkey industries Commandsystemprevents thisin keyindustriesWroteWealth ofNations   Rule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Metaphor for theunseen forces,like self-interest,that move thefree market  Wrote theCommunistManifestoWhere workersjoin together tooverthrow thecapitalist classMostmarketstoday are:A negativetrait of aplannedeconomy  Country inthe worldwith fullcommandeconomy Economicsystem wheregovernmentcontrols theeconomyA negativeconsequenceof capitalism  The government’shands offapproach to allowthe free market tooccur  Whatdetermines/movesthe market,determines what isproduced and bywhom Example ofinfrastructurenot owned ina plannedeconomyWho decidesprices andsalaries in acommandsystem  The price ofgoods andservices isdriven by this ina free market  Whocontrolsthe markettodayUnder this,privatepropertydoes notexistThis is adifferencebetweencommunismand socialismAncientGreekphilosopherwhose utopiawas socialistProtectssocietiesmostvulnerablefinanciallySelf-regulatedeconomy thatruns on thelaws of demandand supply  Phrase meaning:the primary focusis on producingwhat people need,not highest profitmargin  This type ofeconomypreventsmonopolies inkey industries Commandsystemprevents thisin keyindustriesWroteWealth ofNations   Rule that peopleshould competefreely withoutinterference fromgovernment or anyother outside force   Metaphor for theunseen forces,like self-interest,that move thefree market  Wrote theCommunistManifestoWhere workersjoin together tooverthrow thecapitalist classMostmarketstoday are:A negativetrait of aplannedeconomy  Country inthe worldwith fullcommandeconomy Economicsystem wheregovernmentcontrols theeconomyA negativeconsequenceof capitalism  The government’shands offapproach to allowthe free market tooccur  Whatdetermines/movesthe market,determines what isproduced and bywhom Example ofinfrastructurenot owned ina plannedeconomyWho decidesprices andsalaries in acommandsystem  The price ofgoods andservices isdriven by this ina free market  Whocontrolsthe markettodayUnder this,privatepropertydoes notexistThis 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. Ancient Greek philosopher whose utopia was socialist
  2. Protects societies most vulnerable financially
  3. Self-regulated economy that runs on the laws of demand and supply
  4. Phrase meaning: the primary focus is on producing what people need, not highest profit margin
  5. This type of economy prevents monopolies in key industries
  6. Command system prevents this in key industries
  7. Wrote Wealth of Nations
  8. Rule that people should compete freely without interference from government or any other outside force
  9. Metaphor for the unseen forces, like self-interest, that move the free market
  10. Wrote the Communist Manifesto
  11. Where workers join together to overthrow the capitalist class
  12. Most markets today are:
  13. A negative trait of a planned economy
  14. Country in the world with full command economy
  15. Economic system where government controls the economy
  16. A negative consequence of capitalism
  17. The government’s hands off approach to allow the free market to occur
  18. What determines/moves the market, determines what is produced and by whom
  19. Example of infrastructure not owned in a planned economy
  20. Who decides prices and salaries in a command system
  21. The price of goods and services is driven by this in a free market
  22. Who controls the market today
  23. Under this, private property does not exist
  24. This is a difference between communism and socialism