Section 1 Outcomes
Completion requirements
Unit 4: Section 1: Market and Mixed Economies
Section 1 Outcomes
In Section 1, you will compare and contrast the principles and practices of market and mixed economies.
You will be introduced to the following topics:
- economics
- economic systems
- market economy
- mixed economy
- scarcity
- supply and demand
- competition
- government involvement
- Crown corporations
- labour unions
- role of consumers