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

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