Activities for 3 Economies of the World 1. Name the 3 economies of the world tod

Question

Activities for 3 Economies of the World 1. Name the 3 economies of the world today (2016) 2. Define each of them. Provide major characteristics of each. 3. What are the advantages of each of the 3? 4. What are the disadvantages of each of the 3? 5. For each of the 3, name 3 countries that live under that economy. 6. What is the most important feature to you that an economy might provide? 7. What is the least important feature of an economy to you? 8. Can the type of economy have a direct relationship with per capita income? Explain. 9. Project 20 years forward (2036,) what type of economy do you believe the U.S. will have? State a few things you would expect from that economy 10. How did the U.S. decide to settle on capitalism? Explain.

Explanation / Answer

1. The U.S economy ( largest in terms of GDP)

The economy of China ( second largest economy)

The economy of Germany ( Europe's largest and strongest economy)

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