Sixth Grade Social Studies SS060108
Unit 1: Foundations in Social Studies Lesson 8
Graphic Organizer
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July 8, 2009
Sixth Grade Social Studies SS060108
Unit 1: Foundations in Social Studies Lesson 8
Word Cards
73. economicsystems
different ways that people use resources to make and exchange goods and services
Example: Bartering is the oldest economic system in the world.
(SS060108) / 74. traditional
economy
goods and services are traded, but money is rarely exchanged
Example: A traditional economy is more likely to be in a remote community in which people grow their own food and make their own goods.
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75. barter
to trade
Example: He bartered and traded a pencil for a ruler in the class barter game.
(SS060108) / 76. market economy
what is produced and distributed is based on what consumers are willing to buy and the price they will pay
Example: In a market economy, the price people are willing to sell goods for depends on the price people are willing to pay.
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77. command
economy
a central authority plans and controls what is produced and distributed
Example: In a command economy prices are set by the central authority.
(SS060108) / 78. mixed
economy
a combination of command and market economies
Example: In countries with mixed economies, the government may own some industries, while others belong to private owners.
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79. economic
indicator
data that helps to show the economic condition of a country
Example: The Gross Domestic Product is an example of an economic indicator.
(SS060108) / 80. Gross Domestic
Product (GDP)
the total value of all the goods and services produced in an economy in a given year
Example: The Gross Domestic Product is an example of an economic indicator.
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81. Per Capita Income
the amount of money people make in a country, divided by the number of people in the country
Example: In wealthy countries the Per Capita Income is high.
(SS060108) / 82. life
expectancy
the average life span of a newborn; life expectancy is an indicator of the overall health of a country
Example: The higher the life expectancy, the better economic shape a country is in.
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83. infant
mortality
the number of deaths of infants, one year or younger
Example: The infant mortality rate has continued to decline over the past several years.
(SS060108) / 84. literacy
the ability to read and write
Example: Literacy is important because it affects people’s ability to prepare for and hold jobs.
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85. developing
countries
countries with less productive economies and a lower quality of life
Example: Almost two-thirds of the people in the world live in developing countries.
(SS060108) / 86. developed
countries
countries with strong economies and a high quality of life
Example: Developed countries like the United States and Germany have a higher per capita GDP and high levels of industrialization.
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TYPES OF ECONOMIC SYSTEMS
TRADITIONAL / MARKET / COMMAND / MIXEDCOMPARING ECONOMIC DEVELOPMENT
Guided Notes
Directions: Use an atlas and the CIA World Factbook (online) to complete the chart below. Compare the economic development of two countries in the Western Hemisphere to that of the United States, Japan, and Germany to categorize them as developed or developing nations.
Country / Status / GDP / GDP/Person / Infant
Mortality / Life Expectancy / Literacy
Rate / Economic
Activities
United
States / developed / $13.84
trillion / $45,800 / 6.3
(per 1000 live births) / 78.1 / 99% / fishing, manufacturing/
commerce, stock raising,
agriculture
Germany / developed / $3.3
trillion / $34,100 / 4.03
(per 1000 live births) / 79.1 / 99% / agriculture, manufacturing/
commerce
Japan / developed / $4.3
trillion / $33,500 / 2.8
(per 1000 live births) / 82.07 / 99% / fishing,
agriculture,
manufacturing/
commerce
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July 8, 2009