Market vs Command Economies Today you are researching the two major types of economies, command and market. You will use the links below to fill in the graphic organizer. Then answer the questions below.

The Guardian
Index Mundi
Index of Economic Freedom
CIA. gov
Quickonomics

South Korea
North Korea
Natural Resources

Land Use

Industries

Population

Literacy Rate

Infant Mortality

Life Expectancy

Government Type

GDP Per Capita

Exports ($)

Imports ($)

Is Famine a Problem?

Economic System

Economic Freedom Index and Rank

Debrief Questions:

1. Which country has access to more natural resources?

2. Why do you think one country is dealing with a famine and the other is not (even though their land use devoted to agriculture is similar)?

3. Who controls the resources and answers the three basic questions in each country?

4. Where would you want to live? Justify your answer using your research.