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Economics Course for Kids: Types of Economies

2 minutes 4 seconds

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Dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Types of Economy. Kid Explorer.”

Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies. Let's learn about the different types of economies. Part of the "Economics Course for Kids" series.

Media Details

Runtime: 2 minutes 4 seconds

Topic: Business
Subtopic: Consumer Education, Economics, Finance and Banking
Grade/Interest Level: 4 - 8
Standards:

Release Year: 2021
Producer/Distributor: Kid Explorer
Series: Economics Course for Kids
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Dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “What is Economics. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Micro versus Macro. Kid Explorer.”

Dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Types of Economy. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Four Sectors of Economy. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, Goods and Services. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Needs and Wants. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Consumers and producers. Kid Explorer.”

Five dollar bill, bright rainbow lights, a government building, and city skyscrapers overlaid on top of each other. Text reads, “Supply and Demand. Kid Explorer.”