Title: Define economics.
Course: Opportunities in Global Trade (12056-I) > Section: Exploring the Realities and Fluctuations of the Global Economy

- Definition should include
  - defining economics
  - identifying major economic systems
  - identifying goals of economic policy.

Process/Skill Questions

- Why is an understanding of economics so important to persons participating in global commerce?
- How do economic decisions affect an individual’s daily life?
- How is a country's economic system chosen or established?
- How does a command economy differ from a market economy?