In lockdown here in NZ but still teaching classes online. Looked at types of economies over the last few days and put together this mindmap. I found it useful to talk through different parts of the mindmap on the computer screen – using Cisco Webex for the online learning.
Adapted from – CIE Economics Revision Guide by Susan Grant
Mark, Thanks so much for all your fabulous resources, this would be great to use as an introduction to the NCEA level 3 – Market Failure Internal as to why the Govt chooses to / needs to intervene in the market to correct the disadvantages of the market economy – also great for visual learners.. cheers Leisel
Hi Leisel – thanks for your comments and glad the mindmap was of use. Stay safe – Mark