Have you ever stopped to think about who decides what gets made in a country? Or how prices are set? Or why some people get more than others?
It really depends on what a country values most—freedom, equality, tradition, or control.
To comprehend this concept students did research on the type of economic systems found in countries like Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and presented in the class. They presented their findings in the class which was followed by a discussion on what is an ideal economic system for a country by analyzing its pros and cons.
This interactive session helped them to develop their research and presentation skills.
